Reaction
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
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
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
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
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
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
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