Mortgage rates moved higher across several key loan terms, according to data reported Monday, reflecting continued market volatility and lender reaction to economic indicators. The average rate on a 30-year fixed mortgage rose slightly to 7.59%, while the 15-year fixed rate climbed to 6.86%. Adjustable-rate mortgages (ARMs) also experienced minor upticks, with the 5/1 ARM…
Arizona real estate faces tight inventory, high rates, steady demand from in-migration, and inflation pressures impacting affordability and rents.
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Mortgage rates have dropped to their lowest point in nearly a year, offering a possible opening for prospective homebuyers and homeowners looking to refinance. According to Freddie Mac, the average 30-year fixed mortgage dipped to 6.63%, the lowest since May 2023. Analysts attribute this decline to recent economic data indicating cooling inflation and a stabilizing…
**Top Economist Torsten Slok Warns About Persistent Inflation** Torsten Slok, chief economist at Apollo Global Management, warned that inflation in the U.S. could remain high for much longer than markets and policymakers expect. Despite recent signs of easing, Slok emphasized that persistent pressures from wages, housing, and ongoing fiscal stimulus are likely to keep inflation…
Mortgage rates saw slight fluctuations as of Thursday, September 5, 2025, with the average 30-year fixed-rate mortgage holding steady at 6.96%. Meanwhile, the 15-year fixed-rate mortgage inched up slightly to 6.26%, and the average rate for a 30-year jumbo loan landed at 7.14%. Experts suggest that rates may continue to move in response to upcoming…
**Stephen Miran’s Fed Confirmation Hearing Overview** Stephen Miran, President Biden’s nominee for the Federal Reserve Board, faced questioning during his Senate confirmation hearing today. Lawmakers probed Miran’s views on inflation, monetary policy, and the Fed’s approach to price stability, raising concerns about central bank independence as the U.S. economy continues grappling with higher-than-expected inflation. Miran…
Mortgage interest rates remained relatively stable at the start of the week, with the average rate for a 30-year fixed mortgage holding at 6.91%, while the 15-year fixed rate hovered near 6.35%. Recent economic data, including inflation reports and labor market trends, have influenced lender behavior as they watch the Federal Reserve closely for signs…
Recent data show eased inflation, steady jobs, and rising confidence, suggesting moderate growth and strong opportunity in Arizona real estate.
Turkey’s economy is entering a week focused on the release of key economic indicators, including gross domestic product (GDP) and inflation data. Market participants are closely monitoring these figures to gauge the country’s economic momentum, especially as policymakers strive to balance growth with price stability. The upcoming data is expected to offer insights into how…