Yes, Home Sales Are Slowing. No, This Isn’t a Crash. In June, sales of new single-family constructions technically dropped to an eight-month low. But the Census Bureau’s transactions data can be erratic from month to month, and over the long term, sales still seem to be trending higher; for the year, they’re up 2.4 percent.

The slowdown in home price gains appears to be pausing, probably due to lower interest rates. The April S&P CoreLogic Case-Shiller Home Price Index measured annual house price growth at 3.5.

The data strengthen the case for the Federal Reserve’s monetary policy committee to lower interest rates. Total home equity, the amount owners can expect to receive from a sale after paying off.

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US mortgage rate drop could cause spike in home sales. Last week, the average rate on a 30-year fixed-rate mortgage was 3.9 percent, the Wall Street Journal reported, citing data released by Freddie Mac. It’s the first time rates have dropped below 4 percent since November. A week earlier, the rate was 4.08 percent and in mid-March it was 4.3 percent, according to the Journal.

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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Yes, Home Sales Are Slowing. No, This Isn’t a Crash. In June, sales of new single-family constructions technically dropped to an eight-month low. But the Census Bureau’s transactions data can be erratic from month to month, and over the long term, sales still seem to be trending higher; for the year, they’re up 2.4 percent.

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Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates moved to the lowest levels in more than 2 years.

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July 2019 mortgage rates forecast (fha, VA, USDA, Conventional). even if your interest rate goes. (the most recent data available), 30-year VA mortgage rates averaged just 4.31% while.