U.S. mortgage
rates dropped once again for the second week in a row. Two weeks ago, the rates
had increased. According to Freddie Mac, a 30-year loan’s average dropped to
4.19 %. This was up from 4.20% the week before. However, the average rate for a
15-year mortgage remained the same at 3.36%.
According to
the National Association of Realtors, sales for existing homes fell in the
month of August. Plus, the number of people who actually signed on the dotted
line to buy new houses was lower in August. Also, the number of first-time
homebuyers was also low. This could mean that slow home sales could still be the
case for the next few weeks. On the plus side, newly built houses were sold at
a face pace in August.
Struggling to
find buyers that qualify? RealTAG gives you the real estate content that drives
consumers to your site, and gives you an inside look at their financial
situation. Close more real estate deals and generate qualified leads by
contacting RealTAG
today!
