Comment on Mortgage Rates Thursday, March 23: Slight Drop; Existing-Home Sales Slow

Mortgage Rates Thursday, March 23: Slight Drop; Existing-Home Sales Slow

Mortgage rates today for 30- and 15-year fixed loans and 5/1 ARMs all fell by one basis point, according to a NerdWallet survey of current mortgage rates published by national lenders on Thursday morning. MORTGAGE RATES TODAY, THURSDAY, MARCH 23: (Change from 3/22) 30-year fixed: 4.33% APR (-0.01) 15-year fixed: 3.67% APR (-0.01) 5/1 ARM: 3.87% APR (-0.01) Get personalized mortgage rates NAR: Existing-home sales falter in February Existing-home sales slowed in February, tapping the brakes on the brisk pace of sales seen at the beginning of the year, according to the National Association of Realtors. While existing-home sales dipped 3.7%, to a rate of 5.48 million in February from 5.69 million in January, the pace of sales is still 5.4% higher than February 2016, NAR reported. » MORE: How much home can you afford? Tight inventory and fewer affordable home choices helped drive down sales, Lawrence Yun, NAR chief economist, said in a news release. “Newly listed properties are being snatched up quickly so far this year and leaving behind minimal choices for buyers trying to reach the market,” Yun said.Read more on NewsOK.com

 

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