Weekly News Update

Curious to know what's happening in the real estate and mortgage world? Here are just a few of the headlines this week:

• Mortgage rates hit another all-time low at 2.8% (for purchase)
• Existing home sales rose 9.4% in September and are up 20.9% over last year
• The number of seriously delinquent mortgages declined for the first time since the pandemic started, and some early-stage delinquencies are showing improvement.

These are all great signs that the housing market is STRONG as ever. With new purchase rates at just 2.8%, you can afford A LOT more house than ever before!

If you're interested in seeing exactly how much home you can afford based on your ideal monthly mortgage payment, give us a shout!! You can also use our mortgage calculator.