Mortgage Rates Continue to Approach 8%
The 30-year fixed-rate mortgage (FRM) increased from last week’s average of 7.57% to an average of 7.63% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage...
Mortgage Applications Hit 28-Year Low
After a brief bump last week thanks to ARM rates decreasing, home purchase applications decreased 6.9% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending October 13,...
Interest Rates Will Continue to Weigh on Economy, says Fannie Mae
The rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth, according to the October 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. The ESR Group warns that an acute credit event...
Builder Confidence Falls to Lowest Level Since January 2023
As mortgage rates have climbed to a 23-year high, builder confidence has fallen to the lowest reading since January, according to new data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI) found that builder...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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