Did you know?

Did you know? Some interesting facts about the U.S. housing market: • The highest interest rate ever recorded for a 30-year fixed-rate mortgage is 18.45%, which occurred in 1981. This is more than 15 percentage points higher than the lowest mark of 3.31%, recorded in 2012*. On a $200,000 mortgage, that would amount to a difference of about $2,200 per month in a mortgage payment! • 40% of home sales occur during the spring homebuying season. • The typical home buyer will view 10 homes over a 10-week period. • 40% of today’s homebuyers are making down payments that are less than 10%. • 87% of U.S. homes qualify for down payment assistance. Source: Freddie Mac | *According to the Freddie Mac Primary Mortgage Market Survey®

National Housing Market Data According to the latest Realtor.com® National Housing Trend Report, homes spent approximately 89 days on the market, which was a decrease of 12.8 percent both month over month and year over year. Median prices rose to $220,000, an increase of 2.8 percent month over month and 11.1 percent year over year. Su Mo Tu We Th Fr Sa            1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Quote of the Month “The highest and most beautiful things in life are not to be heard about, nor read about, nor seen but, if one will, are to be lived.” – Soren Kierkegaard Philosopher