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When Seller Expectations Are Too High…

…it often falls to the real estate agent to help set realistic expectations. The Market judges a home’s value – not appraisers, not agents and believe it or not – not past home sales in the neighborhood. A home’s value is totally and completely based on what a buyer is willing to pay for it at any given time.

Rate Up A Little

Freddie Mac confirms that average interest on 30-year fixed mortgages rose this past week to 5.29 percent from 5.22 percent a week earlier. Meanwhile, the average rate on a 15-year fixed loan climbed to 4.68 percent from 4.63 percent. Five-year adjustable-rate...