By: Mortgage rates are running at a 22-year high, crimping a housing market already squeezed by high prices.Home buyers face an average rate of 7.23 percent on a 30-year fixed-rate mortgage, the most popular home loan in the United States, Freddie Mac reported on Aug. 24. That was the highest rate since June 2001.The rise…
The Hawaii Tourism Authority said visitors should avoid West Maui where deadly wildfires destroyed the historic town of Lahaina earlier this month. But the agency encouraged tourists to visit the rest … The Hawaii Tourism Authority said visitors should avoid West Maui where deadly wildfires destroyed the historic town of Lahaina earlier this month. But…
By: Mortgage rates continued to break records and could go higher, according to Freddie Mac. (iStock) Mortgage rates hit a 22-year high this week with no signs of slowing, according to Freddie Mac. The average 30-year fixed-rate mortgage increased to 7.23% for the week ending August 17, according to Freddie Mac’s latest Primary Mortgage Market Survey….
By: … and hence draining consumer savings, and a falloff in bank lending, … and the ‘core’ PCE [personal consumption expenditures price index], … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
By LC Mittal The distinction among the actual and digital realms is becoming increasingly blurred as technology improves. The metaverse, which is a linked digital environment where virtual and actual realities collide, is transforming businesses all over the world. Let’s look at the intriguing relationship between the real estate market and the metaverse—a digital arena…
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The “hot strike summer” is prompting California lawmakers to introduce last-minute legislation to help workers. The “hot strike summer” is prompting California lawmakers to introduce last-minute legislation to help workers. See the entire article on Arizona’s unemployment, or, read more Arizona real estate investing news. The choice is up to you.
By: In his speech, Powell did not mention the possibility that the Fed will eventually cut interest rates. Earlier this year, many on Wall Street had … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By: … estimated a slight annual increase in its favored inflation measure in July, known as the personal consumption expenditures price index (PCE). See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
High mortgage rates and tight inventories are hitting home sales nationwide, but agents in Arizona say the continuing influx of new residents to the state has softened the impact in the Valley. Rising mortgage rates have hit home sales nationally, according to a new report, making owners reluctant to sell and buyers facing steeper costs….