Mortgage rates have seen slight fluctuations, with the average 30-year fixed mortgage rate currently sitting at 7.37%, up slightly from the previous day’s average. At the same time, 15-year fixed mortgage rates are averaging 6.67%. Homebuyers continue to face challenges from both high interest rates and elevated home prices, making affordability a key issue in…
**Devaluation vs Inflation** Devaluation and inflation are two key economic concepts that can impact the value of a country’s currency and the purchasing power of its residents. Devaluation refers to a deliberate downward adjustment of a country’s currency value relative to other currencies, often executed by the nation’s government or central bank. This is typically…
Mortgage interest rates held relatively steady as of Friday, October 6, 2023, with the 30-year fixed-rate mortgage averaging 7.61%, up slightly from the day prior. In comparison, the 15-year fixed rate hovered around 6.87%, while the 5/1 adjustable-rate mortgage (ARM) landed at approximately 6.37%. Although rates remain elevated compared to recent years, they are still…
Recent economic data show Arizona’s real estate market slowing but stable, with steady demand supported by migration and a strong labor market.
Inflation impacts ultra-wealthy individuals in several unexpected ways beyond just rising prices. For one, inflation can actually boost the value of certain tangible assets that the wealthy often hold, such as art, collectibles, and real estate, while diminishing the value of their cash savings. Additionally, higher inflation can complicate tax situations, as gains on investments…
Mortgage rates held steady on October 2, 2025, with both 30-year and 15-year fixed-rate loans remaining unchanged. The average rate for a 30-year fixed mortgage stayed at 7.51%, while the 15-year fixed loan held firm at 6.81%. While these rates are high compared to recent years, experts expect continued fluctuations as the Federal Reserve evaluates…
INFLATION HOLDS STEADY IN AUGUST U.S. inflation remained unchanged in August, matching the predictions of many economists. According to the latest government data, consumer prices continued to rise at a steady pace, indicating that inflationary pressures have not escalated further. This steady trend is seen as a sign that the Federal Reserve’s efforts to manage…
Mortgage rates have continued to rise, despite recent moves by the Federal Reserve to slow inflation by lowering short-term interest rates. The seemingly contradictory trend is largely influenced by longer-term factors, including investor expectations about inflation and economic growth. Mortgage rates are typically tied to the yield on 10-year Treasury bonds, which have surged due…
**Atlanta Fed GDPNow Q3 Estimate Slips to 3.8%** The Atlanta Federal Reserve’s GDPNow model released a new forecast, estimating that U.S. economic growth for the third quarter is now at 3.8%, a slight decrease from its previous projection of 3.9%. This update followed the latest data on wholesale and retail trade, showing ongoing adjustments in…
Mortgage refinance rates held steady for most loan terms as of the end of September, offering borrowers a stable but elevated environment for refinancing decisions. The average 30-year fixed refinance rate remained at 7.52%, while the 15-year fixed refinance rate stayed at 6.79%. Meanwhile, the 20-year rate increased slightly, rising to 7.44%. These consistent yet…