MortgageRates

Mortgage Rates See Their Sharpest Decline in Over a Year

Mortgage Rates See Their Sharpest Decline in Over a Year After months of limited movement, mortgage rates have seen a sharp decline, capturing the attention of buyers and sellers across New York City’s real estate market. On Friday, September 5th, the average 30-year fixed mortgage rate dropped to its lowest level since October 2024—marking the most significant single-day decline in over a Continue Reading

Mortgage Rates Fell, Then Rose: What Comes Next for Homebuyers?

  The housing market has been on a rollercoaster ride this year, and for many would-be homebuyers, it’s been a ride full of twists and turns. Mortgage rates saw a steady drop earlier in 2024, giving hope to those waiting for relief. But just as quickly as they fell, rates have crept back up again. So, what’s going on with mortgage rates, and what can homebuyers expect moving forward? The Continue Reading