Loan applications for home purchases surged by 25% last week compared to the previous week but dropped by 35% from the same week a year ago. This is based on a new report from the Mortgage Banker’s Association (MBA). Also, I discuss how average 30 year mortgage rates are at the lowest levels since Sept 12, 2022 and have dropped approximately 1.4 percentage points since late-October 2022. Is this a very early sign that home buying demand is going to increase? In today’s video, I share a detailed look at our housing market as it stands right now with a detailed look at these early indications of homebuying demand and more. Enjoy! Like and subscribe! Have an awesome day.
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.0% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
*** Jason Walter, CPA (lic 103885) Sacramento real estate agent and native Realty ONE Group Complete (DRE 01923240) [email protected]
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Disclaimer: Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty One Group in California under DRE 01923240.
