Instant

Instant Reaction: Mortgage Rates, February 1, 2024

Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week, down considerably from October 2023. www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, December 14, 2023

The Fed indicated yesterday that they will hold the Fed Funds Rate steady for now and cut rates three times in 2024; NAR forecasts that mortgage interest rates will average 6.3% in 2024. www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, November 30, 2023

Mortgage interest rates dropped again to 7.22% from 7.29% last week; the drop from the October peak of 7.79% translates into a $ 125-a-month savings on a $ 400,000 mortgage. www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, November 16, 2023

The three-week drop in mortgage rates is a steady sign that they have likely hit a peak and are headed down. www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, October 5, 2023

The 30-year fixed mortgage interest rate now sits at 7.49% as of October 5, 2023, up from 7.31% last week.  www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, September 07, 2023

Mortgage interest rates eased this week from 7.18% to 7.12%. Although this is the fourth week above 7%, demand is still active in the housing market despite higher rates. www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, August 17, 2023

Mortgage interest rates are now officially above 7%, hitting 7.09% this week, up from 6.96% the prior week, and is the highest rate in more than 20 years. www.nar.realtor – Research

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Instant Reaction: Jobs, July 7, 2023

Jobs have been added continuously since the lifting of the lockdown, but the latest monthly net gain of 209,000 is the smallest in 2.5 years. www.nar.realtor – Research

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Instant Reaction: Mortgage Rates, April 20, 2023

After declining for 5 consecutive weeks, the average rate on a 30-year fixed mortgage rose to 6.39% from 6.27% the previous week. www.nar.realtor – Research

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Instant Reaction: Inflation, April 12, 2023

The 5% consumer price inflation in March is a steady improvement from 9% last summer, 8% in autumn, 7% during Christmas, and 6% in the early months of 2023. www.nar.realtor – Research

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