Mortage Rates Drop...The American Dream Awaits

Real Estate Agent with HomeSmart Real Estate BR632450000

The American Dream is still in sight, with Freddie Mac National Mortgage Survey showing loan rates dipping again this week as reported on July 22, 2021.

Mortgage Rates Trend Down

July 22, 2021

Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit. Unfortunately, many homebuyers are unable to take advantage of low rates due to low inventory and high prices.


Primary Mortgage Market Survey®

U.S. weekly averages as of 07/22/2021
30-Yr FRM
0.10 1-Wk
0.23 1-Yr
0.7 Fees/Points
15-Yr FRM
0.10 1-Wk
0.42 1-Yr
0.7 Fees/Points
5/1-Yr ARM
0.02 1-Wk
0.60 1-Yr
0.4 Fees/Points
With mortgage rates at all time record lows and often below 3% it is time to accomplish the American Dream. Homes are often less expensive to buy than to rent these days. The American Dream lives...The American DreamAre you tired of sheltering in place and hunkering down in your apartment? Do you look forward to getting outdoors in the backyard of your very own home?


America is great in so many ways. Anyone can become President, Inventor, Athlete, Astronaunt, Doctor and accomplish their dreams of doing. However there is another dream of family and raising the next generation.


If you had to take the most common characteristic of an American, what would that be?

A Homeowner! The American Dream
That is right! A homeowner or the desire to be one someday is the American Dream. RISMEDIA reports that 67% of Americans live in owner occupied homes.
Flag House

 Home Sweet Home! The American Dream (Photo Pixabay) and you can paint any color you want!


The dream to do so is even greater. The front porch, the picket fence, the backyard cookout, Christmas mornings, marking the children's height on the walls, playing catch in the back yard.

Americans feel it is a goal to strive for. A place of belonging of family. A place to return to. A "Home" that they own.

American Dream

                                                            The American Dream to own a home

Home Ownership is Good for America

 Not only is home ownership an important "value" in America it is a significant contributor in our economy. RISMEDIA also reports that "housing is a key driver of our economy, accounting for 15% of our Gross Domestic Product in general. Research shows that for every home purchased, $60,000 is pumped into the economy for furniture, home improvements and related items. Plus homeowners pay 80-90% of individual federal income taxes, contributing to federal programs that benefit all Americans."

Home Flag

Home ownership is what America is all about (Photo Michelle Bryant- Pixabay)


Weltanschauung- Belief that Home Ownership is a positve force for the social good

 At Active rain, and one of our guiding principles of " Weltanschauung" we believe that home ownership is a positive force for social good. ActiveRain is committed to empowering real estate professionals so they can help people achieve the dream of home ownership.


Baseball and Life...Object is to "Go Home"

Owning a home is good for us and for America. Baseball, hot dogs, apple pie and going "Home".


Dream Home in Arizona

Are you thinking of moving to Scottsdale or the great desert southwest? If so, check out homes for sale in Scottsdale


Meet Jeff Masich, Associate Broker, REALTOR® to purchase your Arizona Dream Home

Jeffrey Masich with the Arizona Homes and Land Group would be pleased to meet and represent you as a Buyer or Seller in Scottsdale, Paradise Valley and the Phoenix metro area.


To learn more about Scottsdale living or in the Phoenix metro area and to see homes for sale: Scottsdale Homes For Sale or Arizona Homes For Sale


Here is a FREE MLS Search for homes for sale in Arizona. I, Jeff Masich would be pleased to help you find Arizona Homes For Sale and the right home at the right price!

Free MLS Search Arizona

       Press FREE MLS Search to search for Arizona Homes and Land

Posted by

Jeffrey Masich, Associate Broker, REALTOR®, MBA, GRI, BS Accounting


Scottsdale, Arizona




Comments (4)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This is good news for several of my friends out there on the market now! Very great news

Jul 22, 2021 09:58 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Roger that Laura Cerrano with inflation happening in every other segment of the economy it is amazing that mortgage rates dropped again last week.

Jul 22, 2021 10:08 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Love your post and the illustrations Jeff, now with that said yes rates dropped but oh boy prices have increased:)Endre

Jul 22, 2021 11:03 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thanks Endre Barath, Jr. I agree, at least BOTH home prices and mortgage rates did not increase. Jeff 😎  

Jul 23, 2021 06:50 AM