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Graphic showing the 8 week trends of mortgage rates up to November 29, 2020

To find out if now is the time to buy, check out this week’s mortgage highlights:

  • Thirty and fifteen-year mortgage rates remained unchanged last week while stock markets hit record highs and the pandemic continued to grow.
  • GDP remained unadjusted at 33.1%. According to some models analyzing current data, current GDP may be running near 11%, but that number does not account for November and December’s data.
  • Consumer moods downshifted a bit, and unemployment claims remain stubbornly high, with minimal hope on the horizon.
  • The Fed’s Meeting Minutes created some doubt as to how long its programs will stay at current levels, which are helping keep rates this low, but many questions remain before the Fed offers a more definitive answer.
  • With pandemic support due to expire soon and little hope of a new stimulus package in the near-term, downward economic pressure will continue to keep rates low.
  • With the high level of travel over the Thanksgiving holiday, many experts are expecting more health-related restrictions.
  • The more that those impact economic activity, the longer we’re likely to benefit from record-low mortgage rates.
  • So is now the time to buy for you? Purchasing a home is about finding the perfect time in YOUR life. Click here to start your home search and see what’s available in today’s real estate market that fits your needs.

Getting More Neighborly, But With Boundaries

According to recent research, 69% of Americans have gotten to know their neighbors better during the pandemic, and more homebuyers are seeking out “friendly” neighborhoods. That doesn’t mean we want to give up our privacy and security. The demand for fencing material is surging around the country, leading to a tripling in prices for pressure-treated wood. If you are adding a fence, be sure to check on rules and regulations with your HOA and local municipality.

Graphic showing the 8 week trends of mortgage rates up to November 29, 2020

To find out if now is the time to buy, check out this week’s mortgage highlights:

  • Thirty and fifteen-year mortgage rates remained unchanged last week while stock markets hit record highs and the pandemic continued to grow.
  • GDP remained unadjusted at 33.1%. According to some models analyzing current data, current GDP may be running near 11%, but that number does not account for November and December’s data.
  • Consumer moods downshifted a bit, and unemployment claims remain stubbornly high, with minimal hope on the horizon.
  • The Fed’s Meeting Minutes created some doubt as to how long its programs will stay at current levels, which are helping keep rates this low, but many questions remain before the Fed offers a more definitive answer.
  • With pandemic support due to expire soon and little hope of a new stimulus package in the near-term, downward economic pressure will continue to keep rates low.
  • With the high level of travel over the Thanksgiving holiday, many experts are expecting more health-related restrictions.
  • The more that those impact economic activity, the longer we’re likely to benefit from record-low mortgage rates.
  • So is now the time to buy for you? Purchasing a home is about finding the perfect time in YOUR life. Click here to start your home search and see what’s available in today’s real estate market that fits your needs.

Getting More Neighborly, But With Boundaries

According to recent research, 69% of Americans have gotten to know their neighbors better during the pandemic, and more homebuyers are seeking out “friendly” neighborhoods. That doesn’t mean we want to give up our privacy and security. The demand for fencing material is surging around the country, leading to a tripling in prices for pressure-treated wood. If you are adding a fence, be sure to check on rules and regulations with your HOA and local municipality.