Skip to main content

30 year rate plunges 0.5% in a week

Today’s 30-year mortgage rates plunge half a point to 34-day low

Today’s mortgage rates for home purchases

Based on data compiled by Credible, mortgage rates for home purchases have fallen across all terms since last Friday.

30-year fixed mortgage rates: 5.125%, down from 5.625%, -0.500

https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-july-25-2022.amp

Rates are continuing to drop in sync with 10 year yields in anticipation of a negative 2nd quarter GDP reading, putting pressure on the fed to slow the rate of hikes. Many other inflation components such as oil and food are seeing significant price decrease, and logistical issues are easing globally. For example the cargo ship conga line outside of LA has been reduced from 100+ ships to less than 20.

I've said it before but I'll make a thread for it this time. Futures markets are pricing in a 75 basis pt rate cut in 2023. I'm personally going to heavily invest in housing starting in about 3 months. I welcome anybody who wants to take the opposite side of that bet.

submitted by /u/Fausterion18
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/w8dfa1/30_year_rate_plunges_05_in_a_week/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

How to get started?

Hi! I’m 23F and I just graduated college with an english degree (😅) but i’ve been working in nonprofits since I was 16 and lucked into an amazing first job with an one of the biggest and best real estate non-profits! I love my job so far, but it’s my first time being surrounded by such wealth (and very hard working, deserving individuals.) To be quite honest, I‘ve had a rough few years juggling multiple jobs to finish school, and the idea of myself not living paycheck to paycheck seems light years away. This is all being said, I guess I’m posing the question towards the group of what I can do now to start building that kind of future for myself. I find real estate very interesting, and i’ve loved learning about all the machinations behind development- I’m just not sure where to begin within the industry (investment/rentals are definitely not an option for me yet). I’m also looking to go back to school, but being that I don’t know where to start, I wouldn’t like to begin classes aga...
Post a Comment
Read more