Annual inflation rate fell to 2.4 percent
Digest more
January’s jobs data, released on Wednesday, bolstered expectations that the Federal Reserve will hold interest rates steady for longer than previously expected.
Long-term U.S. mortgage rates are ticking up slightly this week, the 10th increase in the past 11 weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.45 percent from 4.44 percent last week.
The rate on a 30-year fixed refinance slipped to 6.11% today, according to the Mortgage Research Center. Rates averaged 5.22% for a 15-year financed mortgage and 6.01% for a 20-year financed mortgage.
Some folks have gotten a bit carried away with the revisions that put the second quarter growth rate at 3.8 percent. That does look impressive in isolation, but it is important to remember the economy shrank at a 0.6 percent rate in the first quarter.
Hosted on MSN
That 6% mortgage-rate reality is reshaping everything, repairs, upgrades, and moving plans
Mortgage rates hovering around 6 percent have quietly become the new baseline, and that shift is rewriting the rules for how you repair, upgrade, and even think about leaving your home. Instead of a temporary spike, you are facing a durable cost of ...
The U.S. economy grew this summer at a surprisingly strong 4.3 percent annual rate in the third quarter, the most rapid expansion in two years, as corporate profits and consumer spending, as well as exports, all increased. The Commerce Department reported ...
Multifamily investors should find other good news in the new survey that shows that cap rates stabilized across major commercial real estate property types in the second half of 2025. The report states that this signals that most pricing resets have already occurred, the markets are nearing equilibrium and CRE appears to have entered a new cycle.