Mortgage rates have dipped slightly over the last seven days according Bankrate. Both the 30-year and 15-year fixed-mortgages have fallen, which could mean even more activity on the refinancing side for lenders.
"The average rate you’ll pay for a 30-year fixed mortgage is 3.69 percent, down 10 basis points over the last seven days. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.12 percent," according to Bankrate.
Meanwhile, the report revealed that the average 15-year fixed-mortgage is now sitting at 3.17 percent, falling three basis points over the last seven days.
"Monthly payments on a 15-year fixed mortgage at that rate will cost around $699 per $100,000 borrowed," according to the report.
Redfin says sellers are cutting their asking prices in the two southern states.
Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers.
A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...
National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest
Homes under contract are rising at a cautiously hopeful pace this spring.
The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%.
“March's Pending Home Sales Index – at...