Mortgage Rates Continue to Surge
After reaching their highest level in 23 years at 7.31% last week, the 30-year fixed rate mortgage continued to hold ...
Tag: Real Estate Economics
Latest Inflation Data Beats Expectations; Consumers Still Spending
While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism ...
Mortgage Rates Reach Highest Level in Almost 23 Years
After a slight uptick to 7.19% a week ago, the 30-year fixed-rate mortgage (FRM) averaged 7.31% this week, its highest ...
NAR Outlines What a Government Shutdown Would Mean for the Real Estate Economy
If Congress is unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government by ...
Mortgage Applications Decrease Following More Rate Hikes
The increase in mortgage applications last week was short-lived, as purchase applications fell this week, down 1.3% from one week ...
Consumer Confidence Sees Another Dip in September
Consumer confidence fell for the second month in a row, from 108.7 in August to 103 in September, according to ...
Leading Economic Indicators Continue to Trend Down
The Leading Economic Index (LEI) fell 0.4% in August to 105.4, continuing the recent downward trend, according to the latest ...
Fed Pauses, But Projects Higher Rates Next Year
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving ...
Mortgage Rates Inch Back Up
The 30-year fixed-rate mortgage (FRM) averaged 7.18% this week, back to where it was two weeks ago after a dip ...
Mortgage Applications Decrease This Week, Reaching Lowest Level Since 1996
Mortgage applications decreased 0.8% from one week earlier, when it decreased 2.9%, according to the latest Weekly Mortgage Applications Survey ...
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