Here is your real estate market update and the top real estate news for June 2nd, 2025:
Top Real Estate News (June 2, 2025):
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Mortgage Demand Surges as Rates Hit 5-Month Low: The Mortgage Bankers Association reported a 4.5% increase in mortgage applications last week, as the 30-year fixed rate fell to its lowest level since January. Buyers are responding quickly to the improved affordability.
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Housing Inventory Rises Sharply Heading Into June: Realtor.com data shows a 12% year-over-year increase in active listings, with new seller confidence improving market balance.
Mortgage Rates (June 2, 2025):
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30-Year Fixed: 6.41%
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15-Year Fixed: 5.77%
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Jumbo 30-Year Fixed: 6.60%
10-Year Treasury Yield (June 2, 2025):
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Closed at 3.82%
(The yield dropped slightly as investors continue to price in expectations of Federal Reserve rate cuts later this summer.)
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
See you tomorrow for more real estate news!
Chris
