Mortgage interest rates have taken another dip, giving potential homebuyers a renewed opportunity to enter the housing market or refinance at more favorable terms. According to Freddie Mac, the average rate for a 30-year fixed mortgage recently fell slightly to 6.88%, down from the prior week. Experts note that while these rates remain historically high…
**Understanding the PCE and Its Significance** The Personal Consumption Expenditures (PCE) price index, closely monitored by the Federal Reserve, tracks changes in the prices of goods and services consumed by households. This measure is considered a key inflation indicator, reflecting the spending behaviors of consumers and capturing shifts in the cost of living. Economists and…
Mortgage rates have seen a slight drop as of October 14, 2025, with the 30-year fixed-rate mortgage now averaging 7.71%, down from 7.74% the previous day. Meanwhile, the 15-year fixed-rate mortgage also dipped slightly to 6.98%. Despite these minor decreases, rates remain historically high, impacting affordability for buyers and reshaping the housing market landscape. Homeowners…
Recent data show Arizona real estate faces higher rates and costs but strong job growth and migration sustain demand and investment opportunities.
Former President Donald Trump recently claimed that inflation had been “defeated” and argued the Federal Reserve should lower interest rates. However, inflation remains higher than the Fed’s longstanding 2% target, and while rates have been stable in recent months, prices for many goods and services are still elevated compared to before the pandemic. The Fed…
Mortgage refinance interest rates are seeing notable fluctuations this October, with the average 30-year fixed refinance rate hovering around 7.72%, according to data from Bankrate. While this is slightly lower than the highs seen earlier in the year, it’s still considerably above the historically low rates of recent years. Experts suggest comparing multiple loan offers…
**Bureau of Labor Statistics Recalls Workers to Prepare Key Inflation Data** The Bureau of Labor Statistics (BLS) has requested that some employees return to work, despite ongoing government funding uncertainties, in order to finish gathering and analyzing data for the upcoming September inflation report. This crucial inflation data is watched closely by policymakers and economists,…
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…