Reported on March 9,
Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate loans climbed to 4.21 percent from 4.10 percent last week. The benchmark rate stood at 3.68 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971. This marks a new high for the year.
Our Jacksonville market housing supply remains low in January 3.2 as reported by NAR (National Association of Realtors). Homes under contract within 51 days on an average, and average sales price 209k. The sales price is up an average of 9%. in the county.
Our market remains a seller's market, and buyers the search for a home is now.