Here is your real estate market update and the top real estate news for May 29th, 2025:
Top Real Estate News (May 29, 2025):
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Mortgage Demand Rises for Fourth Straight Week: The Mortgage Bankers Association reported a 3.1% increase in purchase applications, signaling continued buyer confidence and responsiveness to stable rates.
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Inventory Levels Improve Nationwide: Realtor.com data shows that new listings are up 10% compared to this time last year, giving buyers more choices heading into summer.
Mortgage Rates (May 29, 2025):
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30-Year Fixed: 6.47%
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15-Year Fixed: 5.83%
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Jumbo 30-Year Fixed: 6.66%
10-Year Treasury Yield (May 29, 2025):
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Closed at 3.87%
(The yield dipped again, further reinforcing expectations for a rate cut in the coming months.)
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
