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46% More Sellers Than Buyers—Here’s the Opportunity

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TODAY’S MORTGAGE RATES

Mortgage Rates stayed relatively the same
this week with some wild swings depending
on the specific day you looked at them.
Overall, the Mortgage Backed Security
(MBS) market traded up + 4 bps.

Here are your Average Mortgage
Rates across the country according
to Mortgage News Daily.

A 30 Year Fixed Conventional Rate at
6.55% – equates to a $635.36 Principal
and Interest Payment per $100,000 in
Loan Amount. If you would like me to put
together scenarios for your situation, feel
free to contact me or use my Free
Mortgage Calculator below:


Mortgage Calculator – Green Home Loans

There are a lot of characteristics
that go into a mortgage rate –
credit score, investor, loan to
value, loan amount, costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.

Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 


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HOME SELLERS OUTNUMBER HOME
BUYERS IN RECORD NUMBERS

It’s an exciting time to be a home buyer
despite the recent rise in mortgage rates.

According to Redfin, the gap between
home sellers and home buyers is the
largest they have ever recorded. There
are 46% more home sellers than buyers,
a difference of 630,000 people.

What does this mean for buyers?

More home selection to find the home
that fits their family’s needs much
better negotiating power

Even though mortgage rates have gone
up over the past 3 weeks, about 75%
of Green Home Loans purchase contracts
have seller concessions which allows a
home buyer to get a lower rate that
the seller is paying for.

With a 2% seller concession, a client is
getting a lower rate than they were three
weeks ago with no seller concessions.

Contact me to discuss this strategy
and how it’s helping Home Buyers
win in this market.

I hope you have a fantastic week!! 

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