The week following the FOMC rate decision meetings are typically very light, with the two […]
The week following the FOMC rate decision meetings are typically very light, with the two […]
The week following the FOMC rate decision meetings are typically very light, with the two most influential releases being the University of Michigan Consumer Sentiment and the weekly Job Claims reports. The more positive news is mortgage lending rates have been on the decline in the last two weeks.
The most important data of the quarter was released, signaling the direction for many markets […]
This week’s most significant data offered preliminary numbers for manufacturing and services PMI (Purchasing Managers […]
Last week’s economic report schedule included notable reports with the CPI & Core CPI in […]
The previous week offered a blend of economic updates, covering a report on the jobs […]
The current 30-year fixed mortgage rate hovers around 7.51 percent, one of the highest rates seen in two decades. This is an upward jump from August, where the rates averaged at 7.18 percent. This trend is impacting potential homeowners. Meanwhile, the 15-year fixed mortgage rate stands close to 6.51 percent, mirroring August’s average, which rounded off at 6.55 percent.
Last week’s scheduled economic reporting was limited due to the U.S. Labor Day holiday on Monday. The Federal Reserve released its Beige Book report and weekly readings on mortgage rates and jobless claims were also published.
Give us a call or drop by anytime, we strive to answer all inquiries as soon as possible.