TODAY’S RATES & HOUSING NEWS Interest rates had a tough week, jumping about .4% in…
🎃 October 2024 Real Estate and Mortgage Report
VIDEO UPDATE:
Mortgage Interest Rate Update – October 2024 – YouTube
TODAY’S RATES & HOUSING NEWS
Interest rates rise slightly after a
relatively uneventful week in trading.
The Mortgage Backed Security (MBS)
market traded down – 20 bps. The 10
Year US Treasury sits at 4.0728%.
The big market mover last week was
the Consumer Price Index Inflation
Report.
Year over year inflation came in at
2.4% above the 2.3% projection.
Core inflation came in at 3.3% above
the 3.2% projection.
Inflation is remaining relatively low
and close to projections.
Below are Mortgage News Daily’s
average interest rates across the
country. There are a lot of characteristics
that go into a mortgage rate – credit
score, investor, loan to value, loan
amount, costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.
OR reply to this email with the answers
to the questions below for Mortgage
Options for your scenario.
REFINANCE QUOTE:
Goal of Refinance – Lower Payment, Cash Out, Etc:
Address of Home:
Estimated Value Of Home:
Current Loan Amount:
Loan Amount You Would Like to Finance:
Current Rate:
Do you know what type of Loan you are Currently in – FHA, VA, etc:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military:
If you are a Veteran, do you get VA Disability:
HOME PURCHASE QUOTE:
What City and State Are You Looking to Buy In:
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military:
If you are a Veteran, do you get VA Disability:
Thank you!
OCTOBER 2024 REAL
ESTATE REPORT
Here is the audio of Keeping Current
Matter’s October 2024 Real Estate
Report.
Here are some of my favorite
slides from the presentation.
Here are the expectations of
where mortgage rates will go.
With expected lower mortgage rates,
KCM expects higher demand to
purchase homes.
Total homes sales have went down
since their peak in 2021.
But are expected to rise in 2025.
Home Prices are also expected to
rise in 2025.
Have a great week!
