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RE INFO READ Where are Mortgage rate now!? November 2024 As of November 4, 2024, mortgage rates are as follows: 30-year fixed: 6.90% 20-year fixed: 6.86% 15-year fixed: 6.01% 10-year fixed: 6.01% FHA 30-year fixed: 5.39% Jumbo 30-year fixed: 6.90% Here are some other mortgage rates: 5-year ARM: 7.444% 30-year jumbo: 7.11% 7/6 SOFR ARM: 6.94%  Freddie Mac says that mortgage rates are expected to remain volatile due to the jobs report, the 2024 […]
RE INFO READ Compensation, Commission and Concessions The Aug. 17 deadline to implement practice changes stemming from the National Association of REALTORS®’ The Aug. 17 deadline to implement practice changes stemming from the National Association of REALTORS®’ proposed settlement agreement is quickly approaching. Agents who are REALTORS® need to understand the new rules to best serve consumers while guiding them through one of […]
RE INFO READ NAR Does Not Set Commissions Correcting the Record: NAR Does Not Set Commissions March 19, 2024 Media Contact: Suzanne Bouhia 202-383-1050 Following recent inaccuracies in media coverage, including the false representation or suggestion that the National Association of REALTORS® (NAR) requires a standard 6% commission, NAR has issued the following statement: CHICAGO (March 19, 2024) – The National Association of REALTORS® […]
RE INFO READ Pricing Your Home to Sell: Let Market Trends Guide You Pricing your home to sell is a complex calculation that aims to hit the sweet spot: not so high that you dampen buyer interest and sit on the market for months, and not so low that you undersell its value or inadvertently telegraph there’s a structural problem or other reason it’s priced to move. That […]
RE INFO READ Seller concessions have increased in the Mid-Atlantic housing market. SURVEY FINDS SELLER CONCESSIONS ARE MAKING A COMEBACK IN SOME MARKETS A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint. Close to two in five of […]
RE INFO READ Multi-generational homebuying nears an all-time high: NAR Why buyers are purchasing multi-generational homes  There are a number of reasons for the uptick in multi-generational home purchases, according to the report, including caring for aging parents or relatives, adult children or relatives moving back home, and to save on costs. Cost-saving was a priority in particular for first-time buyers (28%), per the report. NAR attributed […]
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