Weekly Newsletter August 12th-16th

Interest Rates

30-yr fixed6.56%
15-yr fixed5.90%
30-yr fixed FHA6.38%
30-yr fixed VA6.46%
*These mortgage rates are estimated by a third party using industry averages for owner-occupied properties and do not include refinancing options. Rates may vary based on availability and lender approval.

This week both the PPI and CPI came in lower than expected on inflation, gaining us back some of the price increase we saw last week. Unemployment for the week, both new and continuing, ticked down, though, keeping pricing from improving further to the end of the week. Housing completions, starts, and permits also fell to lows from December, which will ripple into housing shortages in the future as interest rates fall. This may also lead to stronger pricing in sales, putting pressure on homebuyers still on the fence.

Program Spotlight: listeyy Text Platform

listeyy is a communication platform for listing agents that provides buyers and buyers’ agents with up-to-date listing information. Offering a co-broke, buyer incentives, hosting an open house? This is a great tool to keep you from answering multiple calls and texts to buyers’ agents needing the same information about your listing. Your first listing is fee, but Landmark Title has partnered with listeyy to offer a discount on your next listing. Use promo code LANDMARK for $5 off your listing. The listeyy team is local and looking for constructive feedback on the platform. Please try it out and let them know what you think. Scan the QR code to sign up today!

Upcoming Class (online):

Reverse Mortgage Basics

Tuesday, September 17th, 1-2 PM 

I will share how it works, who it’s for, and other tips to help you identify and assist clients in considering this potential retirement savings tool.

Save your seat!