Mortgage interest rates have continued to show signs of improvement, with rates for both 30-year fixed and 15-year fixed mortgages falling slightly compared to last week. The average 30-year fixed mortgage rate is now hovering around 6.87%, providing a bit of relief to potential homebuyers facing the ongoing affordability challenges in the housing market. While…
**Inflation Remained Mostly Level in July** Inflation in the United States held largely steady in July, as reported by the latest Consumer Price Index data. Although overall price increases were modest, certain categories such as rent and car insurance experienced higher costs, partially offset by drops in areas like used vehicles and airline fares. The…
Mortgage rates, which surged in 2023 to the highest levels in over two decades, are expected to continue gradually falling through 2025. While economic uncertainty and inflation pushed the 30-year fixed rate above 7% in late 2023, forecasts suggest that by fall 2025, average rates could settle between 5.5% and 6.5%, assuming successful taming of…
**Gross Domestic Product (GDP) and Corporate Profits – Q2 2025 Update** The U.S. Bureau of Economic Analysis released its second estimate for gross domestic product (GDP) growth in the second quarter of 2025, revealing that real GDP increased at an annual rate of 2.3 percent. This growth primarily reflected increases in consumer spending, nonresidential fixed…
Mortgage interest rates have remained relatively stable heading into the weekend, with the average 30-year fixed mortgage rate hovering around 6.95%. While these rates are significantly lower than the highs seen in late 2023, they still pose affordability challenges for many prospective homebuyers. Economic indicators and signals from the Federal Reserve suggest that rates could…
Easing inflation and steady jobs boost Arizona real estate outlook, with rising buyer confidence amid tight inventory and varied market risks.
U.S. stocks were mixed as investors reacted to key corporate earnings reports and new inflation data. The Dow Jones Industrial Average edged higher, while the S&P 500 and Nasdaq Composite showed smaller gains. Notably, Nvidia reported robust earnings, helping to buoy the tech sector during a week of economic uncertainty. Meanwhile, shares of Palantir also…
Recent economic trends signal moderating inflation and likely rate cuts, creating favorable conditions for Arizona real estate investors in 2024.
Former Bank of England Governor Mark Carney visited Ukraine during a period of intensified drone attacks, underscoring the persistent instability in the region. As conflict continues to disrupt the economy, financial experts are warning that global inflationary pressures, particularly in the United States, may intensify in the coming months. Supply chain disruptions and heightened energy…
Mortgage interest rates remained relatively stable this week as financial markets awaited new economic data that could influence future rate changes. The average 30-year fixed mortgage rate now sits at 6.99%, just below the 7% threshold that has become the norm in recent months. Factors such as inflation, Federal Reserve policies, and employment figures are…