Tracey Ellington Real Estate Agent

Tracey Ellington

NC REALTOR®
License# 346563
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IntroLend Monthly Mortgage Outlook - September 2025

By Thomas Baker, IntroLend Carolinas - September 18, 2025
As of mid-September 2025, the average 30-year fixed mortgage rate has fallen to about 6.26%, down from ~6.35% just a week earlier. These are the lowest rates seen since October 2023. In its most recent September, the Federal Reserve cut its benchmark federal funds rate by 25 basis points (0.25%), bringing it into the range of 4.00% to 4.25%. This was the Fed’s first rate cut since December 2024.
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IntroLend Monthly Mortgage Outlook - August 2025

By Thomas Baker, IntroLend Carolinas - August 17, 2025
In recent weeks, consumers began enjoying some of the lowest mortgage interest rates in several months. While rates remain elevated—largely in the 6.7%–6.8% range—modest declines are emerging as buyers gain slightly more leverage. Toward the Fed, both market sentiment and economist consensus are aligning behind a September rate cut, with many expecting multiple cuts before early 2026. Some Fed of
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IntroLend Monthly Mortgage Outlook - July 2025

By Jordan Ivey, IntroLend Carolinas - July 16, 2025
As we reach the midpoint of 2025, the mortgage landscape is showing signs of modest improvement, with average 30-year fixed mortgage rates sitting around 6.7% as of July. This is a slight but meaningful decrease from earlier peaks near 7% earlier in the year. While this trend offers a bit of relief for buyers and refinancers, the broader economic picture remains complex and continues to influence
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IntroLend Monthly Mortgage Outlook - June 2025

By Thomas Baker, IntroLend Carolinas - June 18, 2025
The average 30-year fixed-rate conventional mortgage stands at approximately 6.85%, according to Freddie Mac's data from early June. This marks a modest decrease from earlier in the year and is still below historical averages. Several key factors contribute to the current mortgage rate environment, including a continued policy stance of caution by the Federal Reserve, a watchful eye from invest
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IntroLend Monthly Mortgage Outlook - May 2025

By Thomas Baker, IntroLend Carolinas - May 16, 2025
As of mid-May 2025, the U.S. Federal Reserve maintains its mantra of a cautious approach to monetary policy amid a complex economic landscape characterized by inflation, trade tensions, and political pressures. This month, the Fed held the federal funds rate steady at 4.25% to 4.50%. This decision reflects the Fed's commitment to a "wait-and-see" strategy, allowing time and data to assess the evo
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Nationwide Home Sales Dip as Charlotte Gains Momentum

By Helen Adams Realty - May 14, 2025
Canopy Realtor® Association Market Updates Reprinted from April 2025 CRRA Monthly Indicators U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-over-year to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-over-
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IntroLend Monthly Mortgage Outlook - April 2025

By Thomas Baker, IntroLend Carolinas - April 16, 2025
​As of mid-April 2025, U.S. mortgage interest rates remain in flux, reflecting the interplay between Federal Reserve policy, inflation dynamics, and escalating economic uncertainty stemming from recent trade policies. Freddie Mac reports that these rates have stayed below 7% for twelve consecutive weeks, offering some relief to prospective homebuyers. While rates remain higher than pre-pandemic l
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Existing Home Sales Rebound Entering the Spring Market

By Helen Adams Realty - April 16, 2025
Canopy Realtor® Association Market Updates Reprinted from March 2025 CRRA Monthly Indicators U.S. existing-home sales rebounded from the previous month, rising 4.2% to a seasonally adjusted annual rate of 4.26 million units, according to the National Association of REALTORS® (NAR). The forecast from economists polled by Reuters was for sales to fall to a rate of 3.95 million for the month. Purch
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U.S. Home Sales Drop for First Time Since September

By Helen Adams Realty - March 17, 2025
Canopy Realtor® Association Market Updates Reprinted from February 2025 CRRA Monthly Indicators U.S. existing-home sales fell for the first time since September 2024, slipping 4.9% month-over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activit
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IntroLend Monthly Mortgage Outlook - March 2025

By Thomas Baker, IntroLend Carolinas - March 17, 2025
As of March 2025, the U.S. mortgage market has experienced notable fluctuations influenced by broader economic factors and Federal Reserve policies. The average rate on a 30-year fixed mortgage recently edged up to 6.65% from 6.63%, marking the end of a seven-week decline that had previously made borrowing more favorable for prospective homebuyers. These mortgage rates are closely tied to movement
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Existing-Home Sales Climb Again in January, Reaching Highest Level in 10 Months

By Helen Adams Realty - February 21, 2025
Canopy Realtor® Association Market Updates Reprinted from January 2025 CRRA Monthly Indicators U.S. existing-home sales advanced for the third straight month in January, climbing 2.2% to a seasonally adjusted annual rate of 4.24 million units, a 10-month high, according to the National Association of REALTORS® (NAR). Sales were up 9.3% year-over-year, driven largely by purchases of homes priced
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Introlend Monthly Mortgage Outlook - February 2025

By - February 21, 2025
As of mid-February 2025, the U.S. housing market continues navigating a complex landscape shaped by inflation, elevated mortgage interest rates, and an uncertain economic outlook influenced by recent policy changes. The average rate for a 30-year fixed mortgage stands at approximately 6.87%, reflecting a slight decrease from the previous week. While we, of course, look forward to lowered costs of
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