Pending home sales contracts have declined during recent months, but likely due to having too few homes for sale. There’s a high demand for housing and an abundance of would-be buyers, but without a significant boost in supply, we can expect further upward movement on prices.
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30-year (FRM) rates at 2.76% (+0.01%)
15-year (FRM) rates at 2.26% (+0.01%)
FHA 30-year Fixed rates at 2.25% (0.00%)
Jumbo 30-year Fixed rates at 3.25% (0.00%)
5/1 ARM rates at 2.22% (+0.01%)
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