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interest rates

New Home Sales Highest Since 2007

724 483 The Advantage Group

The year 2020 has started strong for the new home market. Low mortgage rates combined with a strong job market has made the new year favorable to the new home sales market. Newly constructed homes are desirable and attainable for many Americans, especially in the Midwest. In fact, the U.S. Government reported that “On an…

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mortgage rates drop due to coronavirus

Mortgage Rates Drop to Second Lowest Level in Three Years

726 481 The Advantage Group

The Coronavirus has caused a great deal of concern not only on the health front, but on the home front as well. The 30-year fixed-rate mortgage averaged 3.51% during the week ending Jan. 30. The average rate on the 30-year mortgage is almost a full percentage point lower now than it was a year ago.┬áThe…

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