Instant
Instant Reaction: Mortgage Rates, February 16, 2023
The average rate on a 30-year fixed mortgage ticked up to 6.32% from 6.12%. www.nar.realtor – Research
Instant Reaction: Jobs, January 6, 2023
There were 223,000 net new jobs in December 2022, and the unemployment rate is at a historic low of 3.5%. Wage growth over the past 12 months was 4.6%. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, December 22, 2022
The 30-year fixed mortgage rate decreased to 6.27% from 7.08% six weeks ago. As a result, homeownership has become nearly 10% more affordable in the last six weeks as the monthly mortgage payment decreased to $ 2,140 for the median-priced home. www.nar.realtor – Research
Instant Reaction: Housing Starts, October 19, 2022
Housing starts weakened in September 2022, driven by insufficient single-family home construction and multifamily apartment building. www.nar.realtor – Research
Instant Reaction: Jobs, October 7, 2022
Job gains continued in September 2022 with a solid 263,000 net new additions and the unemployment rate is tight at 3.5%. www.nar.realtor – Research
Instant Reaction: CPI Inflation, July 13, 2022
Consumer price inflation is the highest in over 40-years and showed no sign of slowing down in June. It rose by 9.1% and is accelerating. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, June 30, 2022
The 30-year fixed mortgage rate dropped to 5.7% from 5.81% the previous week. Although rates are significantly higher than last year, they are still historically low, remaining below 6%. www.nar.realtor – Research
Instant Reaction: CPI Inflation, June 10, 2022
Rising rents and home prices (not part of CPI Inflation) have caught up with multiple years of housing underproduction of single-family homes and apartments. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, May 19, 2022
Following the 10-year Treasury yield trend, the 30-year fixed mortgage rate fell to 5.25% from 5.30% the previous week. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, April 14, 2022
Mortgage rates surged to 5% for the first time in over a decade (since February 2011). Elevated inflation continues to push up mortgage rates. www.nar.realtor – Research