Mortgage rates jump, but so do applications – Robert Khodadadian

Volatility in the housing market has produced an oddity: mortgage rates and mortgage demand increasing side-by-side. The average contract interest rate for a 30-year fixed-rate mortgage last week was 6.25 percent, according to the Mortgage Bankers Association’s weekly survey. The rate jumped 24 basis points from the previous week’s 6.01 percent average to mark the highest in nearly 14 years. As rates reached new heights, the report showed a surprising confluence in the market as

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Housing Market, Mortgage Rates, Mortgages The Real Deal New York Read More

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