July 10, 2020 © REALTOR® MAGAZINE The 30-year fixed-rate mortgage is edging closer each week to the 3% mark. Freddie Mac reported that the 30-year rate averaged 3.03% this week, the lowest since the government-sponsored enterprise began tracking such data in 1971. Last week, the 30-year rate hit 3.07%, a record at the time. “The […]

July 8, 2020 Many home sellers are trying to limit how many people walk through their properties due to the pandemic. As a result, more real estate professionals are suggesting sellers limit in-person tours to only buyers who can show they’ve been preapproved for a mortgage. A preapproval letter is a written offer from a […]

June 29, 2020 Following two consecutive months of declines, pending home sales came roaring back in May, the National Association of REALTORS® reported Monday. Every major region of the U.S. posted month-over-month increases, including the South, which also bested its levels from a year ago. Home buyers reemerged, ready to move quickly on purchases as […]