The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of September 27, 2024…
Business Insider writes the housing market just experienced its biggest August logjam since before the pandemic.
A recent outlook from Freddie Mac notes mortgage rates have come down, but the average buyer is waiting for rates to fall even further.
How much further remains to be seen, but Yahoo Finance reports rates on a 30-year fixed-rate mortgage just reached the lowest level in 2 years.
Bankrate says experts anticipate an atypical Q4 this year for housing, with lower rates leading to more buyer activity than usual.
Applications to refinance mortgages surged 20% last week, as CNBC cays the refinance "boom" has taken hold.
Realtor.com crunched the numbers to find out how much buyers are actually saving in various markets as mortgage rates improve and prices in many areas have begun to ease.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.