Mortgage rates continue to be relatively stable and at near record lows. The 30-year fixed-rate mortgage fell 5 basis points week-over-week to 3.47 percent, erasing last week’s increase.Watch Full Movie Online Streaming Online and Download
For Week Ending October 15, 2016
Housing starts may have fallen for the second month in a row, but the cause appears to be an abnormally large decline in the multifamily category. An increase in single-family starts and building permits is a better indicator of a market reacting positively to the prevailing inventory struggle.
In the Twin Cities region, for the week ending October 15:
For the month of September:
All comparisons are to 2015
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
The 30-year fixed-rate mortgage moved a solid 5 basis points to 3.52 percent while the 10-year Treasury yield remained relatively flat. This is the first week in over 4 months that rates have risen above 3.50 percent. This month, mortgage rates seem to be catching up to Treasury yields and returning to pre-Brexit levels.
For Week Ending October 8, 2016
Cooling weather and recent interest rate hikes have fewer first-time buyers shopping for homes thus far this fall, just as many existing homeowners are cozying up to the idea of remaining in their current homes a little bit longer. With fewer home buyers and homes for sale, we may see sales and sales prices start to mellow, or it could mean that the more serious buyers and sellers will simply have less competition.
In the Twin Cities region, for the week ending October 8:
For the month of September:
All comparisons are to 2015
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
