Tag Archives: Consumer Price Index

With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.

While the “if” and “when” of a recession remain uncertain, the Fannie Mae Economic and Strategic Research Group does forecast one to occur, expected to begin in the first half of 2024—despite increased chances of a “soft landing.”

Freddie Mac reports the fixed-rate mortgage hit an average of 6.02% this week, a high point not seen since 2008 as affordability conditions continue to worsen for many potential buyers.

Overall mortgage application volume dipped yet again this week, falling 1.2% week-over-week according to the MBA, with rates edging near the 6%-mark and forcing more homebuyers to the sidelines.

Mortgage application volume fell slightly week-over-week, even as rates fell sharply amid fears of a worsening economic outlook.

Jerome Powell has been confirmed by the U.S. Senate for a second term as Chairman of the Board of Governors of the Federal Reserve System for a term of four years, by a vote of 80-19 (one senator did not vote).

After a slight downtick last week, fixed-rate mortgages began an upward climb once again, with inflation reaching levels last seen in 2008.

Christopher Hussain of RealKey explains how an investment in automation now will prepare you for the next real estate bust.