Mortgage rates are on the rise, impacting homebuyer behavior despite steady purchase demand, while the US economy experiences slower growth than expected, influencing housing market dynamics and buyer decisions. Mortgage rates continue their upward movement, increasing another seven basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April …
Mortgage rates surpass 7%, with applications up 3.3%. Retail sales grow 0.7%, but home sales dip amid rising prices and fluctuating rates. Mortgage rates moved up for the fourth week in a row, increasing 22 basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April 18th. This marks …
This week’s financial update examines the continued rise in mortgage rates and robust job growth. We explore how sustained inflation and Federal Reserve policies are affecting the mortgage industry, with recent CPI data signaling a complicated path to lower inflation. Additionally, strong job market reports underscore economic resilience, influencing monetary policy.
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh
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