Rates Show a Significant Week Over Week Decline as Purchase Applications Surge

Mortgage rates fell significantly last week, declining 15 basis points according to the Freddie Mac Primary Mortgage Market Survey released September 11th. This is the largest weekly drop in the past year. Mortgage rates are headed in the right direction, and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more […]

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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