Mortgage Rates Climb Over 7%
Still on the upswing, the average 30-year fixed rate mortgage ticked up over 7% this week, marking its fifth straight ...
Tag: Real Estate Economics
Inflation Up for the Third Straight Month, Though Economists See Silver Lining
Inflation continues to rise after a seven-month decline from early in 2024, reversing the trend seen from March to September, ...
Mortgage Applications Jump 33% Despite Rates Reaching Recent Highs
The latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey Mortgage shows applications increasing 33.3% from one ...
Big Job Gains in December; Unemployment Rate Unchanged
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1%, the U.S. Bureau ...
Mortgage Rates Continue to Trend Up
As the new year gets underway, average 30-year mortgage rates continue to trend up, moving upwards from their average last ...
Fed Predicts Inflation Will Fall, but Slower Than Anticipated in 2025
The Federal Reserve (Fed) has predicted that inflation will continue to slow in 2025, albeit at a slower pace than ...
Mortgage Applications Decrease as Rates Hit Highest Level Since July
Following a steady climb earlier last month, applications for home purchases have seen the opposite these past weeks, including a ...
Mortgage Rates Reach Highest Point Since July
While mortgage rates moved higher over the last weeks of 2024 and home purchase applications have declined, housing activity through ...
Consumer Sentiment Rises for Fifth Straight Month in December
The University of Michigan’s consumer sentiment index improved for the fifth consecutive month in December, rising about 3% to its ...
Key Inflation Rate Hits 2.4% in November, Near 2% Fed Target
Inflation rose slightly in November, according to a U.S. Bureau of Economic Analysis report released December 20, as a recent ...
Red (Flag) Alert! Guiding Buyers After Discovering a Property’s Problems
In most states, homesellers are legally required to disclose any known material defects or issues with the property. But that can be a slippery slope, with iffy problems that might have been masked. Read more.
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