There were A LOT of clients and agents that were unhappy last week–bidding wars and multiple offer situations, on the flip side there were 93 agents and clients that were ecstatic. Although there were 90 new listings more clients were busy ratifying contracts! 90 new listings vs 93 ratified contracts (a ratified contract is a contract that both the buyer and seller have agreed on price and terms). Over 50 of those sold had only been listed for a week or LESS! The average days on the market is only 39.
Interest rates saw a slight drop last week Prompted by domestic and international into 10yr Treasury bonds. That drove down yields and long term interest rates with concerns over the crisis w/N Korea. You can still get a 30 yr fixed rate mortgage for 4.11%. You should lock your rates in ASAP.