Real Estate News Feed
Rate Cut Odds Fading
Wed, 12 Feb 2025 15:57:22 GMT
A hotter-than-expected inflation reading at the start of 2025 makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Fed Chair Jerome Powell and other central bank policymakers.
Mortgage Applications Increase
Wed, 12 Feb 2025 15:56:41 GMT
"Mortgage rates moved slightly lower last week, which led to the pace of refinance applications reaching its strongest week since October 2024," said Joel Kan, MBA's Vice President and Deputy Chief Economist.
Home Prices Softening?
Wed, 12 Feb 2025 15:56:02 GMT
According to Redfin, The Typical Homebuyer Pays Roughly 2% Less than the List Price–The Biggest Discount in 2 Years.
The Cheapest Gas In OC Is Now $3.99
Wed, 12 Feb 2025 15:55:16 GMT
The cheapest gas in Orange County has risen to $3.99 per gallon and can be found at United Oil in Santa Ana. ARCO in Westminster offers gas for $405 per gallon.
Mortgage Credit Availability Increased
Tue, 11 Feb 2025 15:45:39 GMT
Mortgage credit availability increased in January according to a report from the Mortgage Bankers Association.
Fed In No Rush
Tue, 11 Feb 2025 15:45:00 GMT
Federal Reserver Chair Jerome Powell testifies to Congress that the US central bank is in no rush to adjust interest rates due to a stronger economy and a less restrictive policy stance.