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 ...
Tag: Real Estate Economics
Mortgage Rates Increase Ahead of the Holidays
Mortgage rates reversed course this week after several weeks of declines, but continue to make small moves around the mid- ...
Leading Index Reverses Course, Up for the First Time Since February
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where ...
Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based ...
Mortgage Applications Decrease After 5-Week Run
After five straight weeks of steady increases, mortgage applications decreased this week, along with refinance activity following a surge last ...
Mortgage Rates Continue to Drop
With mortgage rates continuing their descent in recent weeks, borrowers who faced rates topping out at over 8% last year, ...
Mortgage Applications Increase for Fifth Straight Week
With mortgage rates hitting six-week lows this past week, home-purchase applications saw their fifth-straight week of increases, driven primarily by ...
Inflation Up Again, According to December Consumer Price Index
After a year of inflation coming down, the last stretch of 2024 has seen a reverse course, per the latest ...
November Sees 227,000 New Jobs; Unemployment Stays Flat at 4.2%
Total nonfarm payroll employment rose by 227,000 in November—higher than expectations—and the unemployment rate changed little at 4.2%, the U.S. ...
Mortgage Rates Dip to Lowest Level in Over a Month
The 30-year fixed-rate mortgage (FRM) averaged 6.69% this week, down from last week’s average of 6.81% and falling to its ...
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