Rates Hold Steady Amid Federal Reserve Divergence of Opinion

After four weeks of declines, mortgage rates remained flat last week, according to the Freddie Mac Primary Mortgage Market Survey released August 21st. Over the summer, rates have come down and purchase applications have outpaced 2024; however, homebuyers continue waiting on the sideline for rates to further decrease. Mortgage applications decreased 1.4 percent from one week earlier, according to […]

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“A good reason why you may want to offer below 5% is when you’re paying with cash (although companies who offer sellers cash for their home will typically offer 65% below market price).”

Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh