Average 30-year U.S. mortgage rate falls as Iran war winds down
The average long-term U.S. mortgage rate fell to 6.47% this week, while the 15-year fixed rate dropped to 5.81% – tracking Treasury yields that have retreated since a deal to end the war with Iran was announced.
Think Home Prices Will Crash? Here's What the Experts Actually Expect.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.Some believe a crash is coming and they'll get a better deal if they hold off.Others worry they'll buy now and watch their home's value fall later.And nobody wants to overpay
Fed keeps rate unchanged, but nearly half of policymakers would support hike this year
The Federal Reserve held its benchmark rate steady Wednesday as policymakers showed growing concern about persistent inflation. New projections marked a shift from March, with several officials now expecting at least one rate hike this year.
Florida condo-townhome sales rise as pending deals grow
Florida’s condo-townhome market posted stronger year-over-year sales activity in May, with closed sales up 6.6% and new pending sales up 9%, according to Florida Realtors data. Chief Economist Dr. Brad O’Connor said the pending-sales gain means the category’s nine-month streak of higher closed sales