- A drop in mortgage rates to over one-year lows has prompted some prospective buyers to resume house-hunting, a report from real estate brokerage Redfin showed on Thursday.As of Aug. 7, the popular 30-year fixed mortgage rate is near its lowest levels in months at 6.58%, after a weaker-than-expected jobs report stoked recession fears. Despite the small improvement in affordability, pending sales still posted their biggest year-over-year decline in nine months, the Redfin report said.
More home buyers are entering the market following a period of depressed demand when mortgage rates went over 7%. - While that's a typical seasonal decline, the year-over-year increase of 3.2% is the smallest in nine months, indicating that price growth has eased slightly."Many of the buyers I'm working with are excited because they've been casually house hunting for a year, waiting for rates to come down before they make an offer. Now a lot of those buyers want to get in ... before rates get too low and cause more competition," said Shoshana Godwin, Redfin premier agent.
Police Allege Mo. Man Tied Ex-Girlfriend to Wheelchair and Shot Her, Then Got New Girlfriend to Help Bury BodyMONTREAL — More than 100 millimetres of rain is forecast to hit parts of Eastern Canada by the weekend as the remnants of tropical storm Debby make their way to the region.The teen said he wanted to do a “challenge” that involved walking to the other side of the lake, but then things “turned out bad”PARIS — The 2024 Olympics are underway.
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