Here is your real estate market update and the top real estate news for March 28, 2025:
Top Real Estate News (March 28, 2025):
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Pending Home Sales Surge in February: The National Association of Realtors reported an 8.5% increase in pending home sales, signaling strong momentum heading into the spring market. Buyers are returning as mortgage rates ease and inventory improves in many regions.
Mortgage Rates (March 28, 2025):
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30-Year Fixed: 6.75%
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15-Year Fixed: 6.11%
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Jumbo 30-Year Fixed: 6.93%
10-Year Treasury Yield (March 28, 2025):
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Closed at 4.14%
(The yield dipped again as investors continue to price in future rate cuts by the Federal Reserve.)
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
