by Editor | Jun 18, 2025 | General News
By Christopher Rugaber Federal Reserve officials expect inflation to rise but still anticipate two interest rate cuts by the year’s end. Interest rates impact mortgage rates. WASHINGTON — Federal Reserve officials expect inflation to worsen in the coming months, but...
by Editor | Jun 18, 2025 | General News
By Alex Veiga Rates on 30-year mortgages fell to 6.81% from 6.84% last week, while 15-year mortgage rates eased to 5.96% from 5.97%, mortgage buyer Freddie Mac said. MCCLEAN, Va. — The average rate on a 30-year U.S. mortgage eased for the third week in a row, a...
by Editor | Jun 18, 2025 | General News
Housing starts fell 9.8% in May, driven by a sharp drop in multifamily construction, while single-family starts were mostly flat amid ongoing market pressures. WASHINGTON — A sharp decline in multifamily production pushed overall housing starts down in May while...
by Editor | Jun 18, 2025 | General News
New home purchase mortgage applications fell 4.5% year-over-year in May, with estimated sales down 12.1% from April, the MBA said. WASHINGTON — The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2025 shows mortgage applications for...
by Editor | Jun 17, 2025 | General News
By Amy Connolly New laws boost housing, end the business rent tax, strengthen property rights and improve condo transparency. Some measures still await the governor’s signature. TALLAHASSEE, Fla. – Florida lawmakers closed the 2025 legislative session late Monday,...
by Editor | Jun 17, 2025 | General News
Builder confidence eased in June, but increased price incentives reflect efforts to make homes more affordable and attract buyers in today’s market. WASHINGTON — In a further sign of declining builder sentiment, the use of price incentives increased sharply in June as...
