Mortgage rates are once again climbing, now consistently exceeding 7%, with investors keenly observing the ramifications of the escalating inflation, all eyes are on the Federal Reserve’s upcoming decision regarding interest rates next week. The latest data from Freddie Mac’s Primary Mortgage Market Survey — which specializes in analyzing standard loans with a 20% down…
The Week of August 14th, 2023 This week’s market review highlights the impact of crucial inflation data on market volatility, as well as the opportunities presented in homeownership. Read on for more insights. Is Consumer Inflation Resurfacing? The Consumer Price Index (CPI) for July indicates a 0.2% rise in inflation, slightly below estimates. However, on…
The U.S. economy has demonstrated resilience in the face of rising interest rates, growing at its long-run average rate of 2% during the first quarter of 2023. The labor market remains robust, with unemployment below 4% and an increase in labor force participation for the 25–54-year-old age group. However, the housing market has been impacted…