Economy News Us Housing Starts Fall To Lowest Level Since 2020 In Worrying Sign For The Economy
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Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year
The average 30-year mortgage rate fell to 6.19% from 6.27% last week. Rates are now at their lowest point since October 2024. A year ago, the average long-term rate was 6.54%. Mortgage rates are ... Read More
US Homebuilder Sentiment Hits 6-Month High; Economy Uncertainty Clouds Housing Outlook
WASHINGTON (Reuters) -U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that declining mortgage rates would stimulate demand for housing and help reduce an inventory overhang ... Read More
Mortgage rates fall to lowest level of 2025
Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% ... Read More
Survey says Midwest economy fell to lowest level since mid-2020
A monthly survey of bank CEOs in rural areas of Iowa and other Midwest states indicates the region’s economy has dipped to its lowest level since May of 2020. Creighton University economist Ernie Goss ... Read More
U.S. mortgage rates fall to 6.17%, lowest since October 2024
US mortgage rates have dropped to 6.17% for the 30-year fixed-rate loan, marking the lowest level since early October 2024 and continuing a decline for the fourth consecutive week. This slip follows ... Read More
Americans staying put: US home turnover rate at lowest level in decades as housing slump drags on
LOS ANGELES (AP) — The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn’t been this low in nearly 30 years. U.S. consumer ... Read More
What A 'Strong' Economy Means For The Housing Market
When people say the economy is "strong," they usually mean that things look good on paper — rising wages, low unemployment rates, and so on. In other words, more people are working and making a decent ... Read More
U.S. Economy: An Errant 2026 Housing Forecast
Even as existing home sales continue to flatline at their lowest levels since 1995 and mortgage rates remain above 6%, Goldman Sachs sees an improving housing market in 2026. Goldman believes home ... Read More
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