Federal Reserve Governors Remain Divided on Interest Rate Adjustments Under New Chair
The Federal Reserve chose to hold interest rates unchanged at the June Federal Open Market Committee (FOMC) meeting. The past ...
Tag: Real Estate Economics
Mortgage Rates Edge Down, Mark Lowest Level Since Mid-May
The average 30-year-fixed mortgage rate dropped to its lowest level in seven weeks, but is still hovering in the mid-6% ...
Job Growth Declines in June, Economists Suggest Cautious Optimism for Housing
Job growth trended downward and came in below expectations in June, per the latest findings from the U.S. Bureau of ...
Home-Purchase Applications Seeing Steady YOY Growth
The Mortgage Bankers Association is attributing an increase in home-purchase applications this week to mortgage rates edging down slightly following ...
Consumer Confidence Up Following Middle East Tensions Easing
After a negative report in late May, which came on the heels of three months of gains, nonprofit research firm ...
Mortgage Rates Continue to Hover Around 6.5% for Sixth Straight Week
As pending sales and existing home sales showed modest improvement in May, economists say despite mortgage rates remaining around 6.5%, ...
Fed-Favored Inflation Measure Posts Largest Annual Increase in Three Years
The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and ...
Little Change in Mortgage Application Activity
Mortgage rates remain elevated but application volume remains higher than last year at this time, according to the latest data ...
Mortgage Rates Decreased This Week Following Ceasefire Agreement
Mortgage rates lowered this week following a ceasefire agreement with Iran, a trend economists say may be more promising in ...
Second Straight Month of Good News for Economy, Index Shows
Nonprofit research organization The Conference Board’s Leading Economic Index (LEI) for the U.S.—which provides an early indication of significant turning ...
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.
Business Tip of the Day provided by
