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Mortgage Market Update: Fed Rate Cuts and Jobs Data Push Rates Lower
The message from last week’s jobs data was loud and clear: the labor market is cooling off, and this shift is having a direct impact on mortgage rates. Here’s what we saw: JOLTS: Job openings came in much lower than expected. Beige Book: 9 out of 12 regions surveyed reported “flat or declining activ
Is CoreLogic Being CoreLogical? A Look at Their Home Price Predictions
It’s always interesting to look at how CoreLogic predicts home price growth, and I agree—it’s no easy task. In their short-term forecasts, they often show a pattern of underestimating price growth in the first half of the year and overestimating it in the second. This could be due to the seasonal fl
Mortgage Rates Drop to Low Sixes: What This Means for the National Housing Market
As we transition into the fall of 2024, one of the most significant developments in real estate is the decline in 30-year mortgage rates, which have now dropped into the low sixes. This downward shift reflects the market’s anticipation of upcoming Federal Reserve rate cuts, possibly in response to a
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