Could average mortgage rates fall below 3%? If the recent trend continues, it is a clear possibility. The 30-year fixed-rate mortgage averaged 3.07% for the week ending July 2, six basis points less than the week before, Freddie Mac FMCC, + 1.59% reported Thursday. In comparison, these loans had an …
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The counts: After two consecutive months of decline, the pending home sales index soared 44.3% in May compared to April, the National Association of Realtors said on Monday. The monthly increase was the largest since the National Association of Real Estate Agents began the index in January 2001. “This has …
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Arizona: Walking the streets of Tucson or Phoenix can give the impression that the pandemic never existed in Arizona. People go about their usual business, and construction on the border wall on the southern border with Mexico seems to be gaining momentum. President Donald Trump took a trip to the …
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Mortgage rates held at record lows for the second straight week, which could present an opportunity for some homeowners to increase their emergency funds. The 30-year fixed-rate mortgage averaged 3.13% for the week ending June 25, unchanged from the previous week, Freddie Mac FMCC, + 0.47% reported Thursday. Comparatively, these …
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On Thursday, the Federal Reserve voted in favor of requiring large banks to preserve capital by suspending share buybacks and dividend payments in the third quarter. In a 4-to-1 vote, the Fed will tie dividend distribution to a formula based on recent earnings. The formula establishes the third quarter dividends …
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