Sandi LaPlant

07/03/2025

MBA economist Edward Seiler, the executive director of the Research Institute for Housing America (RIHA), told Inman that cooling home price appreciation is likely to have a bigger impact on affordability than mortgage rates.

Home price appreciation expected to cool

Source: Forecasts by Fannie Mae (April 2025) and Mortgage Bankers Association (June 2025).

06/12/2025

12/30/2024

Are you sitting on the sidelines waiting for interest rates to go down?
Today’s rates:

RATES*
30-YR. CONFORMING
6.899%
▼ -0.034
30-Day Range:
6.059%-6.946%
30-YR. JUMBO
7.115%
▲ 0.150
30-Day Range:
6.347%-7.198%
30-YR. FHA
6.513%
▼ -0.048
30-Day Range:
5.825%-6.735%
30-YR. VA
6.537%
▲ 0.040
30-Day Range:
5.458%-6.537%
30-YR. USDA
6.474%
▼ -0.084
30-Day Range:
5.850%-6.816%
15-YR. CONFORMING
6.333%
▼ -0.005
30-Day Range:
5.134%-6.379%

THESE RATES ARE THE NATIONAL AVERAGES.*

RATES*
30-YR. CONFORMING
6.899%
▼ -0.034
30-Day Range:
6.059%-6.946%
30-YR. JUMBO
7.115%
▲ 0.150
30-Day Range:
6.347%-7.198%
30-YR. FHA
6.513%
▼ -0.048
30-Day Range:
5.825%-6.735%
30-YR. VA
6.537%
▲ 0.040
30-Day Range:
5.458%-6.537%
30-YR. USDA
6.474%
▼ -0.084
30-Day Range:
5.850%-6.816%
15-YR. CONFORMING
6.333%
▼ -0.005
30-Day Range:
5.134%-6.379%
*NOT REPRESENTATIVE OF OUR RATES.
THESE RATES ARE THE NATIONAL AVERAGES.*

02/23/2024

If you are waiting for interest rates to go down to buy a home it may be the wrong strategy. Median existing home prices in January 2024 rose 5.1% in the past 12 months & interest rates of 6.90% were unchanged from the past 12-month 6.87% average

02/23/2024

Existing home sales on a monthly basis (not annualized or seasonally adjusted) rose 1.3% year-over-year in January 2024, the 1st increase since November 2021. If you’re waiting for the housing market to bottom, it just did & is already heading up.

01/26/2024

The 33.2% plunge in existing home sales from 2021 to 2023 was due to eroded affordability

30-year conventional fixed-rate mortgages averaged 2.96% in 2021 & 6.11% in 2023

Median home prices jumped from $350,700 to $389,800 +11.1%

01/25/2024

The drop in existing home sales in 2023 cannot be blamed on low inventory. 2021 had 6.12 million home sales & averaged 2.3 months inventory while 2023 saw 3.1 months of inventory (up 34.8%) with 4.09 million sales (down 33.2%) per

01/11/2024

Residential mortgage loan credit availability fell to the lowest level since 2012 in December says based on analysis of ICE, dropping 4.6% in the latest month alone

A contracting mortgage industry offers fewer loan programs today

01/10/2024

Who’s looking for a fabulous house in Bonterra (55+ active adult living) with a hard-to-find three car garage???

DM me for details and a private showing or video.

12/20/2023

Commercial real estate sales plunged a staggering 55% in the 1st 11 months of 2023 compared to the same period in 2022 & were down 60% year-over-year in the month of November

11/27/2023

US Black Friday retail sales rose 2.5% Vs 2022 says Mastercard Spending Pulse which measures sales in-store & online, helped by gains in jewelry, apparel, sporting events & at restaurants

Foot traffic was up 2.1% with double-digit gains at health & beauty

11/27/2023

Investor Home Purchases Q3 2023 Vs 1-Year Ago

-30% US

-50% Atlanta
-50% Charlotte
-48% Jacksonville
-47% Phoenix
-43% Las Vegas
-43% Orlando
-41% Tampa
-40% Nashville
-35% Columbus
-33% NYC