The Very Best Time To Sell If You Want Top Dollar for Your Home

By: Margaret Heidenry | Realtor.com

Mortgage rates dipped further this week, with the average rate for a 30-year fixed home loan falling from 6.99% last week to 6.95% for the week ending June 13, according to Freddie Mac.

“Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Top-line inflation numbers were flat, but shelter inflation, which measures rent and homeownership costs, increased, showing that housing affordability continues to be an ongoing impediment for buyers on the house hunt.”

Mortgage rates have been perched on a 7% seesaw, rising just above or below the benchmark for almost two months, presenting a major financial hurdle for would-be buyers.

Read the full report from Realtor.com:

The Very Best Time To Sell If You Want Top Dollar for Your Home