By Traders work on the floor of the New York Stock Exchange (NYSE) June 29, 2023.Brendan McDermid | ReutersStock futures were near flat on Thursday night as Wall Street awaited new inflation data due Friday morning.Futures tied to the Dow Jones Industrial Average added 14 points, or 0.04%. S&P 500 futures ticked higher by 0.07%,…
By: Current mortgage rates and payments continue to rise resulting in buyer demand stalling and housing sentiment at low levels.As the Fed continues to raise the Federal Funds rate in an attempt to combat inflation, consumers are facing higher commercial interest rates, especially mortgage rates. On July 26, the current average interest rate for a…
By: The European Central Bank raised interest rates for the ninth straight time … FILE – With Chase Field, home of the Arizona Diamondbacks baseball … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By EXCLUSIVE – Florida Gov. Ron DeSantis will unveil his economic policy as the Republican presidential candidate spotlights his “Declaration of Economic Independence” in a speech on Monday in New Hampshire, the state that holds the first primary and second overall contest in the GOP nominating calendar.Word of the economic policy rollout, which was shared first…
By: An increase in the Fed rate should result in increased mortgage rates for homebuyers.The Fed has served a blow to homebuyers by announcing an increase of 25 basis points, or .25%, to the federal funds rate, a key overnight bank lending rate. Although the Fed rate and mortgage rates move independently, the same market…
DAILY SUN STAFF Three wildlife crossings could be coming to stretches of interstate through northern Arizona.The Kaibab and Coconino national forests are seeking public comment until Aug. 29 on the proposal to install the three crossings.Officials say the proposal, brought forward by the Arizona Game and Fish Department in collaboration with the Arizona Department of Transportation,…
YUMA, Ariz. (KYMA, KECY) – Sydcol Waste Management would like the community to tour its Yuma County facility as it seeks a Special Use Permit to expand the services provided at its Yuma County operation. SYDCOL has been in operation in Yuma County since 2005. As it is expanding community input and offering to modify…
U.S. gross domestic product is likely to grow during 2023’s second half, according to new projections released Wednesday by the Congressional Budget Office. U.S. gross domestic product is likely to grow by a 0.4% annual rate during this year’s second half, according to inflation-adjusted projections released Wednesday by the Congressional Budget Office. That would represent…
By: Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.Daniel Acker | Bloomberg | Getty ImagesMortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines.Total mortgage application volume dropped…
By: … national jobs report and the personal consumption expenditures index, … Consumer confidence has fallen over the last couple of years. See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!