{"id":16683,"date":"2020-01-09T14:05:39","date_gmt":"2020-01-09T14:05:39","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16683"},"modified":"2020-01-09T14:05:41","modified_gmt":"2020-01-09T14:05:41","slug":"mortgage-rates-fall-further","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-fall-further\/","title":{"rendered":"Mortgage Rates Fall Further"},"content":{"rendered":"

Mortgage Rates Fall Further<\/h1>\n
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Mortgage Rates Fall Further<\/p><\/div>\n

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The first open houses of the year are drawing out the crowds, real estate pros report. Low mortgage rates\u2014which dipped even further this week\u2014may be driving some of that activity.<\/p>\n

An open house in the Atlanta area last Sunday for a newly renovated, three-bedroom, two-bath house for $335,000 drew a crowd of about 34 people during a two-hour time span. Listing agent Melissa Fuentes says she\u2019s conducting two second showings this week and expects an offer by the end of the week.<\/p>\n

The home attracted homeowners and investors alike. \u201cWith the market value the way it is right now, there\u2019s a lot of people jumping on the same kind of real estate that I\u2019m looking to invest in,\u201d Michael Tartly, who is looking for an income property in the Atlanta area, told CNBC.<\/p>\n

Economists have already predicted that January could be a hot selling month this year<\/a> across the country\u00a0and lower mortgage rates are certainly helping to kick off a winter selling season, they say.<\/p>\n

The average rate on the 30-year fixed-rate mortgage dropped to its lowest level since October this week, at 3.69%, Mortgage News Daily reports.<\/p>\n

The continued strength in consumer sentiment about the housing market \u201cattests to the intention among consumers to purchase homes,\u201d says Doug Duncan, Fannie Mae\u2019s chief economist. Fannie Mae\u2019s housing sentiment index, a survey of consumers, remained near an all-time high in 2019, fueled by a 16 percentage point annual increase in the share of consumers who believe it is a good time to buy.<\/p>\n

A decline in mortgage rates\u2014down by more than 1 percentage point for fixed-rate loans compared to November 2018\u2014is buoying higher sales activity, says Frank Nothaft, chief economist at CoreLogic. Nothaft adds that any slowdown in home prices in early 2019 likely ended in late summer. He predicts prices to rise well into 2020.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cMortgage Rates Fall Further as Buyers Rush Into the First Open Houses of 2020<\/a>,\u201d CNBC (Jan. 7, 2020)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mortgage Rates Fall Further The first open houses of the year are drawing out the crowds, real estate pros report. Low mortgage rates\u2014which dipped even further this week\u2014may be driving some of that activity. An open house in the Atlanta area last Sunday for a newly renovated, three-bedroom, two-bath house for $335,000 drew a crowd … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-16683","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMortgage Rates Fall Further - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Mortgage Rates Fall Further again. Now might be the best time to buy with mortgage rates so low and on the decline. 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