Real Estate News Feed
Mortgage Rates Continue to Fall
Thu, 06 Mar 2025 17:31:47 GMT
The 30-year FRM averaged 6.63% as of March 6, 2025, down from last week when it averaged 6.76%. A year ago at this time, the 30-year FRM averaged 6.88%.
Are Falling Rates Attracting Home Buyers?
Thu, 06 Mar 2025 16:05:23 GMT
Mortgage rates dipped to their lowest level in nearly three months but pending home sales are still falling - Except in Southern California where pending home sales are increasing.
Unemployment Claims Fall Back
Thu, 06 Mar 2025 16:04:34 GMT
In week ending March 1, claims for unemployment fell back to 221,000, an decrease of 21,000 from the prevous week.
Weekly Mortgage Applications Increase
Wed, 05 Mar 2025 16:05:02 GMT
Mortgage applications increased 20.4 percent from one week earlier, according to a report from the Mortgage Bankers Association.
Services Sector Groth Unexpectedly Picked Up
Wed, 05 Mar 2025 16:04:07 GMT
The Institute for Supply Management reports the PMI climbed to 53.5 in Februry. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy.
Private Employment Increased 77,000 in February
Wed, 05 Mar 2025 16:01:43 GMT
The labor market continues to soften with only 77,000 added in February, well below the consensus forecast of 140,000.