The softening job figures suggest that the Federal Reserve will cut interest rates in mid-September.
Nationwide, the number of home-purchase loan applications has declined from 7.9 million to 6.5 million.
The average 30-year fixed mortgage rate from Freddie Mac remained unchanged at 6.35% this week from last week.
The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week.
With mortgage rates recently falling below 6.5%, there has been an improvement in housing affordability.
First-time buyers have to be "demure and mindful" in many ways: finances, prior living situation, buyer offers, and working with a real estate agent.
Examining the different ways single female home buyers approach buying a home and the challenges they face.
The 30-year fixed mortgage rate from Freddie Mac remained essentially flat at 6.49% this week compared to 6.47% last week.
A notable highlight of the findings in the 2024 NAR Member Profile is that new NAR members are more diverse than their experienced counterparts.
Inflation is calmer, thereby setting the Fed Reserve up to start the rate-cutting process in September.
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