Will the Fed Raise Interest Rates in Dec.?
While the Fed held interest rates steady at its meeting on Wed., the inflation fight continues. Consumers keep spending, the primary driver of higher prices.
Mortgage Rates Drop, First Time in 7 Weeks
The 30-year, fixed-rate mortgage averaged 7.76% this week, a slight decline from last week’s 7.79%. A year ago, the 30-year FRM averaged 6.95%.
Don’t Believe Everything You Read About Home Prices
According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created
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