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The Thanksgiving newsletter is also about sharing the best and latest articles on holiday recipes, tips, decor, and other ideas to help you elevate the season of gratitude.
Also, I have picked some of the nicest events around town, including local Farmers and Artisan markets where you can start to shop early for Christmas while supporting local vendors.
This month, I am also sharing the latest pictures of my smallest grandchildren, Rosie and Stone. Aren't they just the cutest?
Just scroll down!
ON THE REAL ESTATE FRONT
The Good News? Mortgage rates have come down even more than last month.
In fact, rates have recently fallen to the lowest in 2025!
Finally, buyers who had been waiting for the best possible market conditions are now entering the market. This is having a direct impact on home sales, all of which was predicted by Lawrence Yun, Chief Economist at the National Association of Realtors:
“As anticipated, falling mortgage rates are lifting home sales,” expressed Mr. Yun.
Kara Ng, a senior economist at Zillow added this component as per external economic conditions impacting mortgage rates:
"With signs of softer economic momentum and a deteriorating labor market, mortgage rates may drift slightly lower through 2026.”
Having said that, a variety of experts predict that the rates for a 30-year mortgage will remain within the 6-7% range.
So friends, if you decide that 2026 is the year for you to find a new home, or if you'd like be in your new one by Christmas 2025, I am sincerely grateful for every client, every referral, and every relationship built.
This means YOU, and I'd love to be part of your homeward journey! Because helping you move on to the next chapter of your life is a privilege that I do not take lightly.
So whenever you are ready, reach out to me to get started. I am here.
CURRENT MORTGAGE RATES AS OF NOVEMBER 3:
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30-year Fixed - 6.13-6.26% [last month 6.61% and month before that 6.51%]
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15-year Fixed - 5.55-5.64% [last month 5.58% and month before that 5.60%]
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30-year FHA - 5.88-6.12% [last month 6.12% and month before that 6.25%]
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30-year Fixed V.A. - 5.65% [last month 6.12% and month before that 6.04%]
MARKET HIGHLIGHTS
Below, please find national real estate housing data and infographics from the National Association of Realtors. Keep reading to view the summary for the Louisiana market and in particular, St. Tammany and Tangipahoa Parishes.
We think you'll be most interested in what is happening here, but it helps to be aware of national market trends.
Please keep in mind that on the national level, data lags one month behind.
National Snapshot for the Month of September:
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Pending Sales - decreased -0.0% month-over-month [while in the regional South they increased +1.1%]
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Existing Home Sales - increased by +1.5% - month over month
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Home Prices - increased +2.1% - year over year
Ongoing Challenges:
- Sellers Frozen Into Outgrown Homes Due to Low Interest Rate Lock-In
The month of September continued to trend toward a Buyer's Market with 4.2 months of Inventory.
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