In the ever-evolving landscape of the real estate market, staying ahead of the curve is crucial for both homebuyers and sellers. In this Spring Housing Market Update for West Hills, we’ll examine into the current conditions, focusing on housing supply and demand, home prices and appreciation rates, and the impact of mortgage rates.
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search or refinance, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that …
Based on the Primary Mortgage Market Survey fromFreddie Mac, the average 30-year fixed-rate mortgage has increased by over 1% since January of this year, with a substantial rate jump last week. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few …
Mortgage Rates: What’s happening and where will they go from here? Read More »
