Real Estate News Feed
Mortgage Rates Continue to Tumble
Thu, 19 Sep 2024 16:29:15 GMT
Freddie Mac reports the 30-year FRM averaged 6.09 percent as of September 19, 2024, down from last week when it averaged 6.20 percent. A year ago at this time, the 30-year FRM averaged 7.19 percent.
Existing Home Sales Drop
Thu, 19 Sep 2024 15:23:46 GMT
Existing-home sales retreated 2.5% in August to a seasonally adjusted annual rate of 3.86 million. Sales slid 4.2% from one year ago.
Fed Cuts Interest Rates by a Half Point
Thu, 19 Sep 2024 15:23:09 GMT
The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic move amid a softening jobs picture.
Housing Payments Post Big Decline
Thu, 19 Sep 2024 15:22:34 GMT
Improving affordability has yet to push up pending sales, but that could change after the Fed cut interest rates for the first time since 2020.
Jobless Claims Drop
Thu, 19 Sep 2024 15:22:03 GMT
In the week ending September 14, the advance figure for seasonally adjusted initial claims dropped to 219,000, a decrease of 12,000 from the previous week's revised level.
Cheapest Gas In OC Drops To $3.69/Gal
Thu, 19 Sep 2024 15:21:24 GMT
The cheapest gas in Orange County has dropped to $3.69 per gallon and can be found at G&M in Seal Beach and Berri Brothers in Sunset Beach. Sam's Club in Fullerton offers gas for $3.74 per gallon.