Housing: A Bit of Good News Sprouts Amid All the Bad

Kennith Bogan

Amid all the lousy information in the genuine estate market, there is a silver lining, according to Realtor.com.

But initially, here’s a taste from the bucket of terrible information.

The 30-yr preset-fee mortgage averaged 5.27% in the week finished Might 5, a 12-12 months substantial, according to Freddie Mac. The price amplified from 5.1% a week previously and 2.96% a calendar year previously.

“Mortgages now as opposed to just a number of months back are costing a lot more dollars for household customers,” Lawrence Yun, chief economist of the National Affiliation of Realtors (NAR), mentioned in a the latest speech

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