
FAU: Prices Stay High Despite Waning Inflation
Core inflation remains high partially due to housing services prices, which rose 3.8% annually in September. The Fed is expected to cut rates again in December.
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Mortgage Rates Didn't Move Much Over The Weekend
The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week. Rates are based on bonds, but while bonds move constantly throughout the day, mortgage lenders only adjust rates once per day unless there's excessiv
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Builder Confidence Moves Higher
The National Association of Home Builders said builders expect market conditions to improve even with labor shortages and higher building material prices.
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Most Earning Under $50K Struggle With Housing
A new study found of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments while 15% have worked a side hustle.
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