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Rocky Mountain Real Estate News
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Instant Reaction: "Mortgage rates continued to remain below 2.9% for the last nine straight weeks. Specifically, according to the finance mortgage provider Freddie Mac, the 30-year fixed mortgage rate rose slightly to 2.88% from 2.87% the previous week." https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-september-9-2021
As of August 2021, housing market indicators show outlying counties of metropolitan or micropolitan areas are experiencing more robust housing demand compared to central counties. http://ow.ly/lV6Q50G83GZ
Will mortgage rates remain below 2.8% this week? While mortgage rates are tied to the 10-year Treasury yield, expect the 30-year fixed mortgage rate to slightly rise. Stay tuned.
The 30-year fixed mortgage rate fell again for the 4th straight week during the week of July 23 to 2.78% following the decline in the 10-year T-note to 1.26%.
Weekly Housing Market Monitor
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing i...
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Along with housing starts, building permits are also a leading indicator of housing activity for the upcoming months at local levels. In June, nearly 50% of the tracked metro areas issued more single-family building permits than the historical average.
Housing Construction at the Local Level: June 2021
Housing starts rose strongly in June, above 1.6 million units and housing inventory has also modestly improved in the last several months.
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