Today’s mortgage and refinance rates, January 10, 2023 | Most rates … – Bankrate.com
Today’s mortgage and refinance rates, January 10, 2023 | Most rates … Bankrate.com
Today’s mortgage and refinance rates, January 10, 2023 | Most rates … Bankrate.com
The Housing Market Tracker shows weekly inventory rose slightly and with mortgage rates falling, more people should list their homes.
It might only be nearing the end of November, but if you look around you, you wonât be surprised to see that the tradition of Christmas decorating is in full swing for a lot of people. Of course, shopping centers and public places are always the first, but more and more people are decorating their […]
The post Be the Envy of Your Friends this Holiday Season with These Top Christmas Decorating Tips appeared first on Fancy Pants Homes.
Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday, just inching higher. On Thursday, Freddie Mac published its weekly average for conventional 30-year, fixed-rate mortgages. It was 6.33% […]
Everyone craves a well-decorated house but executing that is no piece of cake. Either you have to employ a renowned interior designer or have to be apt enough yourself to be doing it just the right way. Letâs go into over a list of tips that will make your job easier — without having to […]
The post 8 Room Décor Ideas that Will Make Your Home Irresistibly Attractive appeared first on Fancy Pants Homes.
You donât need a Ph.D. in economics to know that economic bubbles—and their ensuing POPS!—can take us all for a wild ride. Bubbles occur anytime asset prices appreciate unrealistically; and they happen more often than we think. In the United States alone we have seen two in the past twenty years: The dot-com bubble in […]Economic bubbles present both opportunity and danger to young investors. There are five stages to be aware of: displacement, boom, euphoria, profit-taking, and panic.
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Today’s mortgage and refinance rates Happy New Year! Average mortgage rates nudged higher last Friday, the latest business day before today. And they more than doubled over 2022. Still, there’s […]
Mortgage banking firms cut 7,200 jobs in November, one of the biggest monthly layoffs of the year. Meanwhile, mortgage brokerage firms posted 2,300 monthly job losses, down to 127,400 full-time employed brokers in November. “November data showed that there were still more than 10 million job openings in the economy,” Fratantoni added. “The consistent slowing … [Read more…]
Mortgage rates officially hit their lowest levels in 4 months after this week’s inflation data. Despite the recent progress, Fed officials continue to talk about keeping rates high “for as long as possible.” Who’s telling the truth? First off, we know that mortgage rates are at 4 month lows because that assertion relies on the past as opposed to the future. You’d have to go back to September 12th to see anything lower for the average lender. We also know that inflation has been the driving force behind the tremendous rate volatility seen over the past 12 months. Specifically, the Consumer Price Index (CPI) has been at the scene of the crime for most of the largest rate moves. Up until November, all but one of those large moves was toward higher rates, but things have shifted since then. Rates respond to inflation data because rates are based on bonds and inflation directly impacts the returns on bonds. They’re responding more than normal in the past year because inflation jumped at the fastest pace in 40 years in 2022. Recent reports show progress on the inflation front, so longer term rates like mortgages are showing some hope for the future. All of the above makes sense from a logical standpoint, so why do Fed officials continue saying that more rate hikes are needed and that rates will remain high as long as possible? One source of confusion is the fact that the Fed Funds Rate (the thing the Fed hikes/cuts/etc) is different than mortgage rates. The Fed Funds Rate applies to overnight lending between large institutions and has the biggest impact on the shortest-term bonds. The longer a bond lasts, the more it can vary from the Fed’s rate.
Mortgage rates expected to fall to 5.4% by late 2023, banking group projects CNN