Among these 50 largest metros, the time a typical property spends on the market has decreased most in large metros within the South (-8 days), adopted by the Northeast (-5 days), West (-4 days), and Midwest (-3 days). The average contract rate of interest for 15-year fixed-rate mortgages elevated to 2.59 p.c from 2.56 {2ee4d641bf8e1a1e2de879a7fe1d7a6f6f131b185567a8e13e515de85d86d645}. The common contract rate of interest for 30-year fixed-rate mortgages backed by the FHA increased to 3.27 {2ee4d641bf8e1a1e2de879a7fe1d7a6f6f131b185567a8e13e515de85d86d645} from three.23 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) elevated to three.24 p.c from three.20 percent. The…