Hello friends, attached is a document from Allie Beth’s November 8, 2024 Allmanac that I would like to share with you.
The context of the document discusses the state of mortgage rates in the U.S. as of November . It highlights that rates are expected to remain stable, just below 7%, despite recent cuts by the Federal Reserve. Key factors influencing this stability include the 10-year Treasury yield and geopolitical issues. Additionally, a report from the National Association of Realtors reveals demographic trends in homebuying, noting that the median age of first-time homebuyers has risen to and there is a significant increase in single women buyers. The data also mentions that higher borrowing costs and home prices have resulted in more sales among repeat buyers, who typically average around 61 years of age.
Here are five possible questions you might consider asking:
- What are the main factors contributing to the stability of mortgage rates?
- How has the demographic makeup of homebuyers changed recently?
- What is the significance of the increase in single women buyers in the housing market?
- How do current mortgage rates compare to historical rates?
- What impact might geopolitical issues have on future mortgage rates?
Click here to download the PDF.
If you have any questions or want to know of some great opportunities in real estate throughout the DFW and North Texas, please email me or give me a call at (214) 563-8540.
Bob