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 […]
Securing a mortgage to purchase your dream home is a significant financial decision. One of […]
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 […]
This week featured the usual retail sales report which shows consumer demand and as well […]
Comparing mortgages is a crucial step in the process of buying a home or refinancing […]
The previous week offered a blend of economic updates, covering a report on the jobs […]
Last week’s economic reports included readings on U.S. housing markets, housing starts and building permits, and the scheduled post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Data on sales of previously owned homes were released along with weekly reports on mortgage rates and jobless claims.
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.
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