Home equity gains continue to shrink | 2019-06-06
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2 Things You Need to Know to Properly Price Your Home 2 Things You Need to Know to Properly Price Your Home In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms.
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Mortgage Rates Reach 16-Month Low · It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point. This is the first time rates have dropped below 4% since January 2018.
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The average homeowner gained ,400 in home equity in 12 months’ time as of the first quarter of the year, according to the latest CoreLogic data. While on its face that might seem like a solid return.
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2 Things You Need to Know to Properly Price Your Home 2 Things You Need to Know to Properly Price Your Home Posted by First Source Realty on Tuesday, May 28, 2019 at 9:12 AM By First Source Realty / May 28, 2019 Comment In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%).