Unemployment Rises in July, Experts See Hope on Horizon
The U.S. added 114,000 jobs in July, below the average monthly gain of 215,000 over the prior 12 months, according ...
Tag: Housing Market
Mortgage Rates Dip to Lowest Level Since February
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive ...
Fed Holds Steady, Eyeing September Rate Cut
Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy ...
Vacillating Mortgage Application Activity Reflects Buyer Holdout for Lower Rates: MBA
Mortgage applications decreased for the second week, down 3.9% from last week’s decline of 2.2%, according to the latest Weekly ...
Where Does Kamala Harris Stand on Housing? What You Need to Know
With President Biden bowing out, and Kamala Harris now the likely Democratic nominee for the 2024 presidential election, real estate ...
Potential Rate Cut in September Still in Play After June Inflation Report
The personal consumption expenditures price index (PCE) increased 0.1% in June (slightly up from May’s 0% monthly change) and was ...
Consumer Sentiment Continues to Fall for Fifth Straight Month
Consumers continued to keep their economic hopes in check in July, as sentiment readings continue to slowly decrease. Consumer sentiment ...
Mortgage Rates Flat This Week, but Not a Bad Sign
The 30-year fixed-rate mortgage (FRM) flattened this week, from last week’s average of 6.77% to a current average of 6.78%, ...
Despite Drop in Rates, Mortgage Applications Decreased This Week
Despite the most recent drop in average mortgage rates, mortgage applications decreased this week, down 2.2% from last week’s 3.9% ...
New-Home Sales Fall Below May Rate, as Fed Rate Cuts Loom
Sales of single-family homes in June were 0.6% below the May rate of 621,000, reaching a seasonally adjusted rate of ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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