Market Trends

Instant Reaction: Mortgage Rates, September 21, 2023 Mortgage interest rates remained relatively steady in the last week at an elevated rate of 7.19% for the 30-year fixed. By:  Jessica Lautz Mortgages & Home Financing

Instant Reaction: Fed Announcement, September 20, 2023 The Fed needs to wait and not raise rates. Possible interest rate cuts then need to be considered once inflation is fully under control. By:  Lawrence Yun

Housing Affordability Challenges Persist in July 2023 At the national level, housing affordability was flat in July 2023 compared to the previous month. By:  Michael Hyman

Instant Reaction: Mortgage Rates, September 14, 2023 Mortgage interest rates for the 30-year fixed rose slightly to 7.18%, making the monthly payment on a typical single-family existing home $2,234. By:  Jessica Lautz Mortgages & Home Financing

Consumer Price Inflation, September 13, 2023 Overdoing the rate hikes, considering that inflation is likely to calm, will unnecessarily damage the economy. By:  Lawrence Yun