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Writer's pictureChris Mackey

BlueBid Buzz: September 27

The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.


Here's the Buzz for the week of September 27, 2024…


  • Business Insider writes the housing market just experienced its biggest August logjam since before the pandemic. 

  • A recent outlook from Freddie Mac notes mortgage rates have come down, but the average buyer is waiting for rates to fall even further.

  • How much further remains to be seen, but Yahoo Finance reports rates on a 30-year fixed-rate mortgage just reached the lowest level in 2 years.  

  • Bankrate says experts anticipate an atypical Q4 this year for housing, with lower rates leading to more buyer activity than usual.

  • Applications to refinance mortgages surged 20% last week, as CNBC cays the refinance "boom" has taken hold. 

  • Realtor.com crunched the numbers to find out how much buyers are actually saving in various markets as mortgage rates improve and prices in many areas have begun to ease.


Have a great week.




Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.

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