Mortgage Rates Remain Unchanged but Single-Family Homes Sales Tumble

Mortgage rates remained essentially unchanged, increasing by one basis point last week, according to the Freddie Mac Primary Mortgage Market Survey as of August 27th. The economy remains resilient, demonstrated by steady consumer spending and rising household incomes. More homes coming on the market and slower price growth in many areas are giving buyers better […]

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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