Home mortgage rates Jump to almost 22 Year High!
Average 30-year mortgage rate jumps to the second-highest rate since 2001!
Home mortgage rates Jump
According to a weekly report just released by the Mortgage Bankers Association, the average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4!
- Mortgage applications have declined 3.1% from the previous week.
- The average interest rate for FHA-backed mortgages increased to 7.02% from 6.85% the previous week, the highest in over 20 years.
- New construction is doing little to ease the inventory woes for single-family homes, with a 17% drop in new construction in June; however, single-family permits registered their highest pace since June 2022.
Also in real estate news, international buyers bought $53.3 billion worth of U.S. residential real estate during the 12-month period ending in March, a decline of 9.6% from the previous year. Foreign purchases of existing homes slipped 14.6% to 84,600, the lowest since 2009.
Home mortgage rates Jump
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Brokerforyou.com is for SALE
Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65 billion! YouTube now operates as one of Google’s subsidiaries.
www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!
What’s the approximately monthly cost to host a website? With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month! Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.
- Also available, much smaller aged websites (not just urls) for Real Estate agents and brokers in California. Yes, since I’m retired from Real Estate now I have a number of websites that are available that you can use for readings to your main site. The following real estate area sites are available but subject to prior sale, without notice: San Diego, downtown San Diego, Del Mar, Encinitas, Orange County, and Los Angeles. If you’d like to purchase any of these sites with all the content included, you can get them at a Bargain Basement price. Please contact me if you’d like further details.
- Interested, call Bob Schwartz (619) 286-5604 for additional information
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DISCLAIMER:
Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY. DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.
