How Fed Rates Affect Mortgage Rates

By: Inflation is everywhere in the news, including near-constant stories about whether the US Federal Reserve will raise interest rates to fight that inflation. And with the Fed expected to hold off on any rate increase or decrease in the coming September meeting, many are wondering how that might affect the housing market in the…

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Inflation driving business boom at dollar stores

By IE 11 is not supported. For an optimal experience visit our site on another browser.Now PlayingInflation driving business boom at dollar stores05:18UP NEXTHawaii state toxicologist urges caution amid wildfire cleanup04:22’Blind Side’ subject Michael Oher says adoption by Tuohy family was a lie03:34Hawaii wildfire survivor: ‘There’s nothing left of my home’03:56Lahaina woman says she did…

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Developer reveals 5 homebuilders for new Apache Junction master-planned community

PHOENIX – Five homebuilders will plan and design houses for the first phase of a new master-planned community in the far East Valley, the project’s developer announced Monday. Construction is already underway at Blossom Rock at Superstition Vistas in Apache Junction, according to a press release from Brookfield Residential Properties. “We are thrilled to unveil…

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Housing market outlook: Where to expect mortgage rates in 2024, according to 8 leading research firms

By: On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. Over the past few months, mortgage rates have climbed back up. Financial markets, which have reacted to stronger-than-expected labor market data, are now factoring in higher probabilities of the Fed maintaining higher interest rates for a prolonged period.This 7.19% mortgage rate is the…

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