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Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac

Buyers expecting lower mortgage rates will have to wait longer. (iStock) Mortgage rates fell slightly this week, enough to rekindle homebuying momentum as the market prepares for this year’s traditionally busy season, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage for the week ending March 7 was 6.88%, according to Freddie […]

Mortgage rates dip slightly, boosting demand

Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Mortgage rates fell slightly this week after rising for a month in a row, sparking an increase in purchase applications in a housing market that has been largely stagnant for months due to soaring […]

China Slightly Lowers 2024 GDP Growth Target as Economy Languishes

China set an official target for gross domestic product (GDP) growth of around 5% in 2024 in Premier Li Qiang’s “Government Work Report” submitted to the National People’s Congress on Tuesday morning. The 2024 target was about the same as the 5.2% GDP growth rate reported in 2023. China’s state-owned Global Times was popular Mr. […]

Q4 GDP revised down slightly – here’s what that means for interest rates

The second forecast for fourth-quarter gross domestic product (GDP) was relatively flat in this week’s second round of statistics. (iStock) of Secondary estimate According to the U.S. Bureau of Economic Analysis (BEA), real gross domestic product (GDP) for the fourth quarter of 2023 has been revised downward slightly, in part because private inventory investment was […]

US fourth-quarter economic growth revised slightly lower

‘Kudlow’ panelists Steve Forbes and Sandra Smith discuss preserving the US dollar. The government acknowledged Wednesday that the U.S. economy grew solidly in the fourth quarter on the back of strong consumer spending, but appeared to have slowed slightly early in the year. The Bureau of Economic Analysis of the Department of Commerce has released […]

Rent prices fell slightly overall in January, but rose in some parts of US

Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Asking rent prices in January edged down across the U.S. for the sixth consecutive month, but not enough to reassure renters given the price hikes of recent years, with rents still rising in some areas. are […]