Published June 1, 2024

Interests Rates Lower/Open Houses

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Written by Tiffanie N. Patton

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LOWER INTEREST RATES

Home buyers should  be able to take advantage of lower rates and increasing inventory.  Interested in what you can afford?

The Bullet Points are:

  • Home Interest  rates are now  to 6.94% this week following some minor but still encouraging signs that inflation is easing.
  • The housing inventory continues to rise, although it remains well below pre-pandemic levels.
  • The higher interest rate slowed the  existing and new home sales in April.
     

Homebuyers who've been holding out this spring may have some late-season opportunities as interest rates decline and inventory in many areas continues to climb.

The 30-year fixed-rate mortgage dropped below 7% this week, to an average 6.94% this week.

The 15-year fixed-rate also dipped, averaging 6.24% this week.


OPEN HOUSES THIS WEEKEND

Antioch    Concord    Pleasant Hill   Walnut Creek  Brentwood 


Tags

Openhouses, RealEstateForSale, InterestRates, RealEstateNews, HomesForSale

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