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The softening job figures suggest that the Federal Reserve will cut interest rates in mid-September....

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Nationwide, the number of home-purchase loan applications has declined from 7.9 million to 6.5 million....

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The average 30-year fixed mortgage rate from Freddie Mac remained unchanged at 6.35% this week from last week....

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In July 2024, office vacancy rates remained at a record high of 13.8%, retail and industrial fundamentals softened, and demand for apartments surged....

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The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week....

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Compared to one year ago, pending home sales increased in the Northeast but decreased in the Midwest, South and West.

With mortgage rates recently falling below 6.5%, there has been an improvement in housing affordability....

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Nationally, Sentrilock home showings were up 1% year-over-year. Showings increased in the Northeast and the South regions of the U.S., and declined in the Midwest and West...

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Consumers are seeing more choices, and affordability is improving due to lower interest rates.

First-time buyers have to be "demure and mindful" in many ways: finances, prior living situation, buyer offers, and working with a real estate agent....

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