Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait
The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a ...
Tag: Real Estate Economics
Mortgage Rates Move Up After Weeks of Dips
After three weeks of declines and a dip below 7%, the 30-year fixed rate mortgage average ticked back up this ...
Mortgage Applications Fall in Response to Rate Uptick
As rates jumped back up above 7% last week, mortgage applications decreased 5.7% from one week earlier, according to data ...
Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low
Consumers are experiencing conflicting feelings about the economy as differing reports come in from The Conference Board and University of ...
Mortgage Rates Drop Below 7%
Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data ...
Fannie Mae Projects Mortgage Rates Will Remain Near 7% Through 2024
The latest research from the Fannie Mae Economic and Strategic Research (ESR) Group suggests that earlier projections for lower mortgage ...
Mortgage Applications Up for Third Straight Week
Thanks to the recent declines in average mortgage rates of late, mortgage application activity has seen a small but steady ...
U.S. Tappable Equity Reaches Record $11 Trillion
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home ...
Economic Index Declines Again in April, Pointing to Slower Growth
The Conference Board Leading Economic Index (LEI) for the U.S. decreased 0.6% in April to 101.8, after decreasing 0.3% in ...
Mortgage Rates Decrease Again
The 30-year fixed-rate mortgage (FRM) averaged 7.02% this week, down for the second week in a row from last week’s ...
5 Key Reasons FSBOs Regret Not Using a Real Estate Agent
Some homeowners think selling their properties with no agent will save gobs of money on commissions. Almost always they come to regret it, settling on a price that could have been better, not to mention spending way more time on the process than they envisioned Read more.
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