Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what’s working in still-tight markets in new responses from the Intel Index survey.
Category: employment
Mortgage rates retreating from 7% on ‘massive’ revision to jobs report
After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.
Mortgage rates are spiking on Friday’s blowout jobs report
Employers added 272,000 jobs in May, far exceeding the consensus view among economists that payrolls would rise by 180,000 and the average of 232,000 over the past year.
Economists now less certain 2024 will bring much mortgage rate relief
Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts.
Good news about economy could send mortgage rates back up
Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation.