Instant Reaction: Mortgage Rates, August 15, 2024
Facts: The 30-year fixed mortgage rate from Freddie Mac remained essentially flat at 6.49% this week compared to 6.47% last week. At 6.49%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $2,021. With 10% down, the typical payment would be $2,273. Positive: Despite we
Fresh Faces, New Perspectives: Diversity Among New REALTORS® in 2024
The real estate world is always evolving, and the National Association of REALTORS® (NAR) members are right in the middle of it. This year's 2024 Member Profile has some intriguing findings, especially about the diversity among newer members. One notable highlight is that new members are more divers
Instant Reaction: CPI, August 14, 2024
Inflation is calmer, thereby setting the Fed Reserve up to start the rate-cutting process in September. Consumer prices rose by 2.9% in July and look to head towards the desired 2% in a few months. The Fed has indicated the need to normalize and move away from the current “restrictive” monetary poli
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