Real Estate News Feed
Mortgage Rates Essentially Flat
Thu, 13 Mar 2025 15:18:47 GMT
30-year FRM averaged 6.65% as of March 13, 2025, up slightly from last week when it averaged 6.63%. A year ago at this time, the 30-year FRM averaged 6.74%.
Unemployment Claims Drop
Thu, 13 Mar 2025 15:17:36 GMT
In week ending March 8, claims for unemployment dropped to 220,000, an decrease of 2,000 from the prevous week.
PPI Flat in February
Thu, 13 Mar 2025 15:16:50 GMT
The producer price index (PPI) - which tracks the price changes companies see - rose 3.2% from the year prior, down from the 3.5% seen in January and below the 3.3% increase economists had projected.
Mortgage Applications Bloom
Wed, 12 Mar 2025 14:59:40 GMT
Mortgage applications increased over the week and were up 31 percent from a year ago, according to the Mortgage Bankers Association.
Typical Home Owner Stays Put Longer
Wed, 12 Mar 2025 14:58:59 GMT
The typical Los Angeles homeowner stays put for 19.4 years, longer than any other U.S. metro and the longest span on record for the area.
Consumer Prices On The Rise
Wed, 12 Mar 2025 14:58:08 GMT
Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% on a seasonally adjusted basis in February, after rising 0.5% in January, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all-items index increased 2.8% before seasonal adjustment.