Can you believe it’s mid-August already? The summer has flown by with inflation news, Fed meetings, and other news that has made for an interesting …
Author: John Kistner
John Kistner is Guaranteed Rate’s Market Analyst. Market Updates are designed to provide readers with a high-level yet insightful view of how economic news, events and trends affect mortgage rates and the homebuying process.
Financial markets continue to find some relief as cooler inflation numbers continue to roll in. This morning, the Producer Price Index, a gage of prices …
July’s Consumer price index (CPI) came in today at 8.5%, indicating inflation may have reached a peak. However, it’s hard to know for certain until the next …
All the recession talk has consumers pulling back. It’s especially evident in the housing market where consumer confidence has dropped to the lowest levels since 2011. …
Early last week mortgage interest rates for the 30-year fixed were down to near 5.0%, then they bounced up to 5.5%, then down a bit, …
Today, the U.S. jobs report showed a gain of 528,000 in July. That’s nearly double the expectated amount. On some fronts, it’s a good sign the economy …
Instead of the doom and gloom headlines about the home drought, these ten markets are helping to reverse the trend. And we’re not talking single digit increases …
A not-so-favorable trend is driving up home prices in mid-sized metro markets. Homeowners from large metro areas who’ve recently sold their homes and made a …
Mortgage applications jumped 1.2% from June as interest rates for 30-year fixed mortgages continue to moderate. The refinance business has also ticked up 2% while still down …
Another day another drop. Mortgage rates inched down again today to 5.05%* for the 30-year fixed. However, the other bright spot is gas prices. Today the …