The new year started with historically low interest at 2.67%.

<p><strong>2021 started off with a 30-year fixed-rate mortgage falling to 2.67%, more than a full percentage point lower than the end of 2019 which was at 3.64%. Sam Khater, Freddie Mac’s chief economist said in a statement that “A new year, a new record low mortgage rate. Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices.&nbsp;</strong></p> <p><strong>Active listings hit a historic new low in December, with less than 700K homes on the market. According to Realtor.com, The national inventory dropped by almost 40% year over year in December. The December national median listing price was $340,000, up 13.4% compared to last year.</strong></p> <p><br></p> <p><strong>#activelistingshitahistoricnewlowindecember</strong></p> --- Send in a voice message: https://anchor.fm/rooparealtor/message