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Mortgage rates have recently surged back to 7% despite a series of rate cuts by the Federal Reserve. Between April and September 2024, the average 30-year fixed mortgage rate fell to 6.11% following weaker jobs reports and fears of a recession. However, as unemployment data improved and inflation remained above the Fed’s 2% target, these […]
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Amazon’s expansion into Boston’s Seaport District marks a significant development in the city’s real estate and tech landscape. Although the tech giant has delayed the move into its new tower at One Boston Wharf Road until 2027, the 630,000-square-foot lease agreement is one of the largest office deals in Boston since the COVID-19 pandemic. With […]
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What the Fed’s Latest Rate Cut Means for Mortgage Rates: A 2024 Snapshot In September 2024, the Federal Reserve made a pivotal move by slashing its benchmark interest rate by 0.5%, marking its first significant rate cut in four years. While many anticipated this decision would dramatically reduce mortgage rates, the impact has been more […]
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The Impact of US Presidential Elections on the Housing Market As the 2024 US Presidential election approaches, many prospective homebuyers and sellers are understandably concerned about how this major political event might influence the housing market. While elections generate considerable attention and speculation, historical data reveals that their impact on the housing market is often […]
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The Federal Reserve has opted to maintain its key interest rate within the range of 5.25% to 5.5% while signaling the possibility of a rate cut in September if economic conditions continue to improve. This decision, revealed today, comes amid a backdrop of cautious optimism and significant market reactions. Highlights from Powell’s Remarks Rate Cut […]
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Today, the average 30-year fixed mortgage interest rate stands at 7.00%, reflecting a slight decrease of 0.02% compared to one week ago. Conversely, the 15-year fixed mortgage rate has increased by 0.03%, now at 6.46%. These fluctuations highlight the dynamic nature of mortgage rates, influenced by many economic factors. Today’s Mortgage Rates Snapshot Here is […]
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In a much-anticipated announcement, the Federal Reserve decided to keep its key interest rate unchanged while signaling just one rate cut expected before the end of the year. This decision, revealed after the two-day Federal Open Market Committee (FOMC) meeting, may not be as aggressive as some had hoped, but in the current economic climate, […]
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On June 6, the European Central Bank (ECB) is poised to lower its benchmark interest rate for the first time in nearly five years, signaling a significant shift in monetary policy. This decision comes as the Federal Reserve (Fed) remains on hold, grappling with persistent inflation. The ECB’s move, unusual as it precedes the Fed’s […]
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As the world of finance hinges on every word from the Federal Reserve, the latest decision to maintain interest rates has sent a calming wave across the markets. The Federal Open Market Committee (FOMC) recently concluded its May meeting with a reaffirmation to keep the federal funds rate steady between 5.25% and 5.5%, a decision that […]
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The housing market’s continuous upsurge has left many potential homeowners searching for alternatives. The recent introduction of tiny homes by Home Depot, retailing for $67,500, is a notable reflection of this trend. These compact dwellings solve the affordability crisis, providing a 444-square-foot space with two bedrooms and essentials like a steel frame, siding, and roofing […]
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