Interest Rates
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Mortgage Rates Continue Upward Momentum
October 29th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.14% for the week ending Oct. 28, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Declining COVID cases and improved consumer confidence, however, are keeping purchase demand strong despite increasing...
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The New Year Kicks Off With Raised Mortgage Rates
January 7th, 2022
The 30-year fixed-rate mortgage (FRM) averaged 3.22% for the week ending Jan. 6, 2022, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). Mortgage details: The 30-year fixed-rate mortgage averaged 3.22% with an average 0.7 point, up from last...
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Labor Market Keeps Momentum With All Eyes on Inflation
June 3rd, 2022
Adding a better-than-expected 390,000 jobs in May, the U.S. labor economy continues a blazing stretch of pandemic-recovery growth with overall unemployment holding at 3.6%, as most observers remain laser-focused on the Fed and a path toward balanced inflation and normalized...
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Fed Officials Drop Hints Ahead of Key Rate Decision
January 13th, 2023
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Consumer Spending Sees Slight Increase in May
July 3rd, 2023
