Freddie Mac’s Primary Mortgage Market Survey reported the national average 30-year fixed mortgage rate hit “the lowest level in its nearly 50-year history,” as noted by their chief economist.
He added that mortgage applications are up 10% from a year ago “and show no signs of slowing down” and with “recent increases in new construction…the housing market continues to be a positive force for the broader economy.”
Attom Data reports that flipped home sales in 2019 hit their highest level since 2006, yet returns hit an 8-year low. But the average gross profit on flips was still $62,900, a nice 40.6% return on investment (ROI).
