What’s Up with Real Estate? National news and local views for the week ending Friday, July 26, 2024
National Real Estate News Fed to meet next week The market is convinced that the Fed will begin cutting short-term interest rates in September, but there's still a chance for a July 31 surprise. Overall, the market is looking for 50-75 basis points (0.50-0.75%) of rate cuts before year-end 2024. And
Mortgage Rates Are Falling—Will Buyers Bite?
Loan applications for home purchases remain sluggish, despite recent drops in borrowing costs. © kate_sept2004 - E+ / Getty Images The 30-year fixed-rate mortgage fell to a 6.77% average this week, its lowest level since mid-March and the biggest weekly drop in basis points since May, Freddie Mac re
Why a Foreclosure Wave Isn’t on the Horizon
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble making their mortgage payments. But, does that mean there’s
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