Mortgage rates fall below 7% in boost for homebuyers
The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid-April, ...
Tag: Economy
Home prices surge to another record high in February, defying expectations
Home prices rose to a new record in February amid an ongoing housing shortage, even as high mortgage rates pushed affordability ...
US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
The US economy grew at its slowest pace in two years in the first quarter, while prices rose at a ...
Home sales drop for first time since December amid stiff mortgage rates
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising ...
Jerome Powell warns Fed Reserve needs more time to battle stubborn inflation
The run of disappointing data showing stronger-than-expected inflation means the Federal Reserve will likely need more time than previously thought ...
Mortgage rates creep up to 7% as home-buying season begins
The average long-term US mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during ...
Fed’s preferred inflation gauge rose 2.8% in February
The core Personal Consumption Expenditure price index — the Federal Reserve’s preferred gauge of inflation — rose 0.3% in February ...
February home sales unexpectedly jump 9.5% to 1-year high
Sales of previously occupied US homes rose in February from the previous month to the strongest pace in a year ...
US retail sales growth in 2024 expected to slow due to high credit costs, inflation
The largest US retail trade group is forecasting that the country’s retail sales will increase anywhere between 2.5% and 3.5% ...
Home sales hit 5-month high in January while prices jump 5%
Sales of previously occupied US homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup ...
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