Spring Title Services

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Even with the market still on a decline, there are signs of light at the end of the tunnel.

Check out CNBC latest article on the state of the real estate market and what the coming months may bring.

U.S. home sales post 12th straight monthly decline; house price inflation cools U.S. existing home sales dropped to a more than 12-year low in January, but the pace of decline slowed.

Good news from the housing market!
Mortgage applications and refinance demand are on the rise since interest rates dropped below the 6% range last week, however still lower than this time last year.

✅ Refinance demand surged 18% week to week but was still 75% lower than the same week one year ago.
✅ Mortgage applications rose 3% for the week and were 37% lower than the same week one year ago.

👇🏻Read more in the article from CNBC👇🏻

Mortgage refinance demand jumps 18% as interest rates drop for the fifth straight week Mortgage rates continued to fall last week, and both current homeowners and potential homebuyers reacted swiftly.

Exciting news for homebuyers!

Mortgage rates have dropped to the 5% range for the first time since September.

✅ Rates peaked in October with a 30 - year fixed at 7.37%
✅ Nearly six months since seeing a 5 handle
✅ Promising news spark buyer interest

👇🏻 Read Below!!👇🏻

Mortgage rates drop to the 5% range for the first time since September The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily.

Check out BiggerPockets latest article on the status of the market:

✅Mortgage applications on the rise.
✅7% increase w/e Jan. 20th
✅27% increase w/e Jan. 13th
✅An increase like this hasn't occurred since the first week of March 2020
✅ Refinance applications are also on the rise

Share your thoughts!

Mortgage Applications Rise As Rates Continue To Fall Back Mortgage applications increased by 7% last week, continuing the hot streak that's started this January. Where is the market going?

Did you know today was National Christmas Card Day? It serves as a reminder to get your stamps, envelopes, and cards together so you can share holiday cheer.

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