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Realtors $25,000 Flat Fee?
Fed signals first rate cuts. Changes to VA loans. AMH build-to-rent strategy. Economy is likely in a recession. Q2 6.6% Rental Housing and 0.9 homeonwer housing stats
where real property meets real data, every day
In This Edition
Fed signals first rate cuts
Changes to VA loans
AMH build-to-rent strategy
Economy is likely in a recession
and more inside
Regional: Agents demanding $25,000 flat fee
Mortgage & REITS
30-Yr Fixed RM | 6.78% | - 0.02 |
15-Yr Fixed RM | 6.29% | - 0.01% |
30-Yr FHA | 6.37% | - 0.03% |
30-Yr Jumbo | 6.95% | - 0.04% |
7/6 SOFR ARM | 6.43% | - 0.02% |
30-Yr VA | 6.39% | + 0.13% |
Average going rates as of July 31 2024
S&P 500 | 5,522.30 | + 1.58% |
S&P REIT | 351.16 | - 0.52% |
FTSE NAREIT | 778.71 | - 0.50% |
Numbers as of July 31 2024 closing
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Key Trends
Steady Interest Rates - but Signals First Cut in September more info
Anticipate Lower Mortgage Rates: A potential Fed rate cut this fall could significantly lower mortgage rates, currently averaging 6.78% for 30-year fixed loans, making homeownership more affordable for buyers.
Surge in Housing Listings Expected: As rates fall, more homeowners may list their properties, easing the housing shortage. With 87% of outstanding mortgage loans at sub-6% rates, a decrease could unlock more market inventory.
Expert Insights on Economic Shifts: Realtor.com® Chief Economist Danielle Hale explains how recent inflation and job growth data suggest a possible policy change. Annual inflation is now at 3%, above the Fed's 2% target, but softening economic conditions could lead to lower rates.
Happening Now
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