Happy #MarketMonday! This week we have some good news from the mortgage front! Rates have dropped for the sixth consecutive week. Low home inventory is still serving as a challenge for the housing market, but we’re hoping to see a change. Lastly, the Pacific Northwest is a popular place. Many cities in Washington and the surrounding area made “The 25 Most Livable Cities” list.
My team is happy to answer any questions about the current real estate market or to discuss what is most important to you whether you are looking to buy, sell or invest in today’s market.
A short and sweet overview of what to expect in real estate this month. You can see if your predictions are coming true, as we’re halfway through February.
Good news from mortgage rates. The 30-year fixed mortgage rate decreased from 3.72% to 3.65%, which is the lowest it’s been for awhile. The rate on a 15-year fixed rate mortgage also decreased by a little from previous weeks.
Seattle is currently a seller’s market. Low home inventory has been a continuous problem in the real estate industry. Hopefully this will soon change, but it is currently still a challenge.
Check out this fun read! A lot of Washington and Pacific Northwest cities made this list. The PNW is the place to be!