Average 30-Year Mortgage Rate Falls To 7.44%
Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high […]
Latest Data Shows Home Prices, Rates May Improve
Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure
What’s Pushing Inflation Down?
Answer: More goods, workers and housing. Overall inflation didn’t rise from Sept. to Oct., the 1st time consumer prices haven’t
New Home Lot Inventory Modestly Climbs Again
Zonda’s New Home Lot Supply index showed the U.S. lot supply loosened year-over-year in the 3Q. But Miami was in the
New Home Purchase Applications Up Nearly 40% In October
Mortgage applications for new home purchases during October were up by 6% from September and up by 39.7% from one
U.S. Unemployment Claims Drop, Showing Resiliency
Despite high interest rates, jobless claims this week dropped to 209K. The economy’s durability raises hopes the Fed can continue
Home Sales Likely To Weaken In Near Term
Fannie Mae researchers: Mortgage rates in 2024 will retreat from recent highs and average 6.8% by year’s end; in turn,
Mortgage Application Activity At Highest Level In Six Weeks
The mortgage market is heading into the Thanksgiving holiday weekend on the upswing, according to new data from the Mortgage
FHFA: 2024 Conforming Loan Limits Rise By $40K
In 2024, a conventional mortgage in most parts of Fla. (except Monroe County) will have a loan limit of $766,550,
U.S. Consumer Confidence Bounces Back In Nov.
After three monthly declines, the measure of Americans’ attitudes increased to 102.0 in Nov. from Oct.’s 99.1, largely due to
