This morning saw a resurgence in mortgage rates, surpassing the 7% mark, stimulated by impressive economic growth statistics. Assuming that the strength of the economy and employment growth will reduce the need for rate cuts, the bond market reacted accordingly. Consequently, the yield on the 10-year bond has leaped beyond the 4% mark, which in turn has resulted in heightened mortgage rates.
In 2023, the residential construction industry faced significant headwinds due to factors such as elevated interest rates, escalating inflation, increased worker wages, and a lack of available labor.
HomeServices of America has submitted a Writ of Certiorari, urging the Supreme Court to make a decision regarding the eligibility for arbitration in its contracts involved in the Sitzer lawsuit.
An expansive strategy aimed at addressing the needs of an aging population might benefit from enhancements, as outlined by an impartial evaluation conducted by a governmental oversight organization.
A projected decrease in mortgage rates to 6% by the close of 2024 gives a possibility for one-third of all loans initiated in 2023 to benefit from a complete percentage point savings or even more. The source of this information is not to be attributed.
Freddie Mac is stepping in to support very low-income buyers by providing a credit of $2,500. This financial assistance aims to mitigate the hardship of home buying in the current difficult circumstances.
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Get ready to learn all the details about incorporating a mini fridge into your bathroom, and understand just why this recent interior design trend is making waves. Breakdown of the ‘Bathroom Minifridge’ Trend.
According to Powell, the Federal Reserve has the leeway to hold off on reductions to the Federal Funds Rate or shifting to a neutral policy position until more significant impacts on labor are evident.
Last week, the mortgage rates experienced notable fluctuations following the jobs report and the Federal Reserve assembly. What are the predictions for the unfolding week?
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