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3. www.SVN.com
Economic
Updates
Provided by
○ Mortgage rates fell to begin the week, with the 30-year
fixed mortgage dipping to 6.57% on Monday, March 13
th , from a recent high of 7.05% registered last
Wednesday.
○ Movements in mortgage rates are generally
concurrent with movements in US Treasuries, which
saw yields fall sharply in the wake of last week’s bank
collapses.
○ After reaching a high of 7% last September, mortgage
rates declined to close 2022 and fell as low as 6% in
January, prompting an 8% jump in pending home
sales that month. Recent rate reduction could
generate a similar jump in homebuying activity in
March.
○ Since mortgage rates are indirectly influenced by
movements in the Federal Funds rate, recent volatility
around March rate hike projections is likely also
contributing to the recent fall in rates.
Mortgage Rates Fall
30. Please visit www.svn.com for more
information on the properties
featured on today’s call and to view
all of SVN’s active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
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