By: How’s this for an if/then proposition?: If mortgage rates go down, mortgages become cheaper, then more people borrow to buy a home. Makes sense, right? Well, maybe not. The Mortgage Bankers Association reported this week that the average rate on a 30-year fixed dropped to 6.5%, the lowest level in well over a year….
By: On the economic front, initial jobless claims are due out on Thursday at 8:30 a.m., followed by the July personal consumption expenditures reading on … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
By: US PCE Data and GDP Data. In addition to Fed updates, traders are also awaiting the latest US Personal Consumption Expenditures (PCE) inflation data … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
The number of Americans filing for unemployment benefits rose modestly last week, but remains at healthy levels Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department … The number of Americans filing for unemployment benefits rose modestly last week, but remains at healthy levels Jobless claims rose by…
Here’s a roundup of closures Phoenix-area drivers should be on the lookout for over the weekend.Six portions of highways will be closed, including Interstate 17 between its two Interstate 10 interchanges, or narrowed, including U.S. 60 westbound between Superstition Springs Boulevard and Gilbert Road.As of Friday, the average price of regular fuel in Phoenix was…
By: Inflation has been cooling over the last four months and is now inching closer to the Fed’s 2% target rate. In turn, changes could be coming to the interest rate environment as soon as next month. So what can we expect mortgage interest rates to look like this September? That’s what we’ll break down…
Tony Davis A New York City-based hedge fund spent $100 million to buy farmland and water rights in Western Arizona, stirring concerns about a future “water grab” from that rural area and of corporate control over a major groundwater source.Water Asset Management LLC recently bought 12,793 acres — nearly 20 square miles — in La…
By: Personal outlays, which include personal consumption expenditures (PCE), personal interest payments and personal current transfer payments, grew … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
The chief of the Federal Reserve has vowed to do whatever it takes to stop the unemployment rate from rising, which could push the U.S. economy into a recession. “We do not seek or welcome further … The chief of the Federal Reserve has vowed to do whatever it takes to stop the unemployment rate…
Charles Borla A zoning change will allow a behavioral healthcare provider on Tucson’s northwest side to expand.Rezoning of the roughly five acres Sonora Behavioral Health Hospital sits on − near North La Cholla Boulevard and West Orange Grove Road − and the nearly five acres of vacant land to the east of it will allow…