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Markets are surging as fears about the economy fade. Why the optimists could be wrong
Source: NPR --- The good times are back on Wall Street. Stocks have surged since the start of the year. The Nasdaq is up nearly 15% this year after posting its best January since 2001. And it's not just stocks: bonds have risen and even bitcoin has made a roaring...
Leora Ruzin Tapped as Editor of Weekly RE News
SALT LAKE CITY -- February 6, 2023 -- Weekly Real Estate News, a publication dedicated to providing the best real estate and mortgage industry news and information available anywhere to the more than 1.25 million industry professionals who rely on it, has announced...
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Mortgage Rates in the US Restart Climb, Increasing to 5.51%
Source: Bloomberg --- Mortgage rates in the US rose, resuming an upward climb that threatens to further cool the housing market. The average for a 30-year loan jumped to 5.51% from 5.3% last week, Freddie Mac said in a statement Thursday. It’s up from 3.11% at the...
Mortgage rates rebound as US economy comes to grips with an ‘uncomfortable’ future
Source: Yahoo Finance --- After a two-week break, U.S. mortgage rates began climbing again this week, a new report shows. The higher 30-year fixed-rate mortgage is becoming yet another headwind for the shaky economy amid the Federal Reserve’s war on inflation. The...
Housing Market Update: Prices Begin to Fall from Record Highs
Source: Redfin --- Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains. The median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10....
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