Category: Economy

In a significant move that could impact the UK housing market, Barclays and HSBC have announced cuts to their fixed-rate mortgage deals. This decision comes amidst hints from the Bank of England regarding a potential summer base rate cut, which …Read more  »

For aspiring homeowners, the question of mortgage rates looms large. In June, Freddie Mac reported a welcome dip in the average 30-year fixed rate mortgage (FRM) to 6.86%, the lowest level in nearly three months. But what does July hold? …Read more  »

Finding the right mortgage can feel like deciphering a complex code. This week, we'll break down the current mortgage rate landscape (as of June 25th, 2024) and explore predictions for the upcoming week to help you make informed decisions. Today's …Read more  »

The upcoming presidential debate and election season cast a long shadow over the financial markets, and mortgage rates are no exception. The slight uptick we saw on June 26, 2024, with the average rate for the benchmark 30-year fixed mortgage rising to 6.96% from the …Read more  »

If you've been eyeing that dream home but feeling priced out by rising interest rates, here's some news that might perk you right up. Experts in the real estate sector are predicting a possible boom in the housing market if …Read more  »

Freddie Mac's recent forecast paints a picture of a housing market in transition. While the U.S. economy maintains a forward momentum, its pace has eased, and inflation remains a pressing concern for the Federal Reserve. These factors are likely to …Read more  »

Confused about mortgage rates? Get a clear breakdown of this week's trends, next week's forecast, and expert predictions for the rest of 2024. Last week brought a welcome dip in rates, offering a temporary reprieve for potential homebuyers. But before …Read more  »

As the summer progresses, mortgage rates are anticipated to decline further, potentially preventing monthly housing costs from rising excessively. On June 12, daily average mortgage rates dropped to their lowest level in three months following the latest CPI report, which …Read more  »

The Federal Reserve's recent announcement regarding interest rate cuts has significant implications for the economy, particularly in the housing sector. The central bank's decision to anticipate fewer rate cuts than previously forecasted has raised concerns among experts about the rising cost …Read more  »