inflation
Current Mortgage Rates and Market Predictions
Mortgage rates play a crucial role in determining the affordability of homeownership. As of late, the housing market has been witnessing significant fluctuations in these rates. Understanding the current situation and predictions is essential for buyers navigating this landscape. This blog delves into the latest on mortgage rates, market forecasts, and what it all means ... Read more
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✅Mid-Week News Updates, July 17, 2024
Mid-Week Updates, July 17, 2024 ➡️Single-Family Home Construction Drops in June as Builders Wait for Rate Cuts Construction activity on single-family homes dropped for the fourth straight month in June, as high interest rates weighed on building activity. Single-family housing starts were at a seasonally adjusted annual rate of 980,000 last month, down 2.2% from ... Read more
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✅Mid-Week News Updates, July 10, 2024
➡️After big May drop, Fannie’s consumer sentiment index rebounds in June But affordability concerns persist, leaving slim upside Fannie Mae’s Home Purchase Sentiment Index (HPSI), measuring consumers’ opinions of the state of the housing market, rose by 3.2 points in June, erasing the previous month’s dip and inching closer to a likely plateau reached earlier ... Read more
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✅Mid-Week News Updates, July 3, 2024
➡️𝗛𝗘𝗟𝗢𝗖 𝗼𝗿 𝗛𝗘𝗟𝗢𝗔𝗡: 𝗛𝗼𝗺𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗡𝗲𝗲𝗱𝘀 Homeowners often consider tapping into their home equity for various financial needs. By understanding the differences between HELOANs and HELOCs and considering your financial needs, you can make informed decisions about leveraging your home equity effectively. More here: https://www.bfgusa.com/2024/04/17/heloan-or-heloc-home-equity-options-for-financing-needs/ ➡️𝗛𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿𝘀 𝗮𝗿𝗲 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗮 𝗿𝗲𝗰𝗼𝗿𝗱 𝗮𝗺𝗼𝘂𝗻𝘁 ... Read more
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✅Mid-Week News Updates, June 26, 2024
Mid-Week News Updates, June 26, 2024 ➡️𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲𝘀 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝘁𝗼 𝗕𝗼𝗯 𝗕𝗲𝗹𝗼𝘄 𝟳%Rates on 30-year mortgages have been in a mild yo-yo pattern in the upper-6% range since early June. Rising 3 basis points Monday, the 30-year average is at 6.87%. Rates for most other mortgage types also saw minimal movement to start the week.More ... Read more