Market Updates

Market Update: December Economic Trends As December 2024 unfolds, the housing market is navigating complex economic dynamics, from mortgage rate volatility to the Federal Reserve’s shifting approach to inflation. Mortgage Rates Mortgage rates have shown little clear direction over the past two weeks but remain high, continuing to weigh on housing activity. The yield spread […]

Market Update: Rising Rates and a Shifting Housing Market As we enter mid-November, economic conditions continue to shape the housing market in ways that impact buyers, sellers, and real estate professionals alike. Despite a recent rate cut from the Federal Reserve in September, mortgage rates have continued to rise. This trend is fueled by persistent […]

In recent weeks, economic indicators have shown that interest rates are trending higher. Since mid-September, the 10-year U.S. Treasury yield has increased by 0.4%, while mortgage rates have risen by about 0.25%. This trend is largely due to a combination of factors, including a stronger-than-expected September jobs report and inflation that remains stubbornly above the […]

The latest market data shows both challenges and opportunities for real estate agents as we head into the final quarter of 2024. Mortgage Rates Although rates remain near their lowest levels since February 2023, there’s been a slight uptick of 0.1% following the Federal Reserve’s decision to lower base rates on September 18. Despite the […]

Mortgage Rates Continue to Decline Mortgage rates have steadily declined over the past few months, with the 30-year mortgage rate falling by more than 1.0% since April 2024, bringing rates to their lowest levels since February 2023. As of early September, mortgage rates are nearing the point where they could start with a “5,” which […]