Great Market News
Luck of the Irish Edition
While the weather this weekend does not make me feel particularly celebratory or lucky, I do think that this St. Paddy’s day washed away the bad and will bring in the good. The latest pending home index released by the National Association of Realtors showed pending home sales are on the upswing and at the highest level since April of 2010. Mortgage rates continue to decline and remain near record lows. Perhaps the luck of the Irish will keep it that way.
Fifteen-year fixed-rate mortgages are down, from the week prior, to an average of 3.13%. Thirty-year fixed rate mortgages are down to an average of 3.88% compared to 3.9% the week earlier. Most of us don’t have a pot of gold, so mortgage rates continuing to stay low, can only make this an excellent time to buy a home. And with so many eager buyers and a decrease in inventory, it may also be an excellent time to sell!
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