Home Depot raised its fiscal outlook after strong third-quarter 2024 sales, driven by demand for seasonal…
Tag: Interest Rates
The month in reverse mortgage rates: October 2024
When older homeowners wish to access a portion of their equity, there are multiple options. Of…
Fed goes big, slashing interest rates by 50 bps
The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to…
Rate’s reverse mortgage leader on product specialization and growth
By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage…
The Fed needs a housing market comeback
One key data line flagging a path to recession is the loss of residential construction workers. The number…
Redfin CEO reacts to housing market with ’Twilight Zone’ conditions
Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects…
The financial markets are freaking out. That should be good for mortgage
Fears of a recession in the U.S. sent shockwaves through financial markets around the world on…
Mortgage rates plummet and everything has suddenly changed — for now
“For example, I locked one loan today that would have cost the borrower 1.213 points on…
Interest rates and inventory challenge buyers in northwest Ohio
The Toledo metro area has a 90-day average Altos Research Market Action Index score that has…
US job creation moderated in June
Job creation slowed in June, despite continued tight labor market conditions, which economists say is good…