McGarty Minute: MOM
Welcome back, it's your weekly reminder that it's Friday and we're heading into a Mother's Day weekend heatwave. It's going to be so hot that we're going to skip open houses and celebrate mom. I'm coming to you from the semi-annual gathering of top real estate professionals to learn and share how to improve our personal and professional lives, so I'm going to keep this extra brief this week.
Which should be easier than usual because it's mid-month, there's no real estate news to report on. Even the Seattle Times was only able to syndicate an AP article about mortgage rates, "Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks." Rather than reading regurgitated news, let's look at the data.
According to our go-to mortgage information source, Mortgage News Daily, rates ended the week up to 6.57% from last week's 6.45% for a 30-year fixed mortgage. However you can see from the line I drew that we've been holding steady since March.
Enjoy the amazing weather and celebrate mom this weekend!
By The Numbers
This week we saw 267 new listings hit the Seattle / Bellevue / Kirkland areas, up 7% from last week's 249