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Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

Spring Season Mortgage Rates Dip Signaling Strategic Time for Real Estate Investors to Secure Properties

Spring Season Mortgage Rates Dip Signaling Strategic Time for Real Estate Investors to Secure Properties

The real estate sector has experienced a modest but noteworthy change as the spring season mortgage rates experienced a drop, something the market hasn't seen in over a month. Reports from Freddie Mac highlight this change, detailing that the average rate for a 30-year fixed rate mortgage lowered, moving from 7.22% down to 7.09% for the week ending May 9th. This shift brings a much-needed break in a series of increases that have negatively impacted the housing market. It provides a chance for potential homebuyers, sellers, and real estate investors to leverage lower rates. 30-Year Fixed Mortgage Rate – Week Ending May 9th Will Lower Spring Season Mortgage Rates Increase Housing Activity? Springtime is when the housing market sees an uptick in buyer and seller activity, but this hasn't been the...

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