Elevated mortgage rates have stymied the housing market, but underlying economic factors are likely to help propel them downward in the coming months. The Consumer Price Index (CPI) for August showed a modest year-over-year gain of 2.5%, which is the lowest annualized growth figure since February 2021. Shelter costs — which are weighted as one-third…
All Posts in "Real Estate News" Category
Category archive page
Many Americans are house-rich, thanks to a run up in home prices. But high borrowing costs make it harder to tap your home for cash.
Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% during the week ending Sept. 6, according to the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased 1% from the…
The consumer price index rose by 2.5% in August, on an annual basis. It was the lowest reading since February 2021.