Real Estate News Feed
The Case for Rate Cut
Fri, 05 Sep 2025 15:19:52 GMT
The labor market added only 22,000 non-farm payroll jobs in August, missing estimates of 75,000.
2 Rate Cuts This Year?
Fri, 05 Sep 2025 15:19:12 GMT
BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, following a soft jobs report. The Wall Street brokerage had previously forecast no cuts this year.
Lower Rates Show Little Effect On Demand
Fri, 05 Sep 2025 15:18:18 GMT
The weekly average mortgage rate has ticked down to its lowest level in over 10 months. But home-sale prices are still rising, and pending home sales are up just 1.6% from a year ago.
Mortgage Rates Tumble
Thu, 04 Sep 2025 16:14:28 GMT
Mortgage rates continue to trend down with the 30-year FRM down to 6.50% and the 15-year FRM down to 5.6%. A year ago at this time, the 30-year FRM averaged 6.35%.
Jobless Claims Expand
Thu, 04 Sep 2025 14:41:59 GMT
In the week ending August 30, the advance figure for seasonally adjusted initial claims grew to 237,000, up 8,000 from last week.
Service Sector Regains Speed
Thu, 04 Sep 2025 14:41:15 GMT
The services sector picked up in August, but employment remained subdued as labor market conditions ease, according to a report from the Institute for Supply Management (ISM).