- Instant Reaction: Mortgage Rates, September 21, 2023on September 21, 2023 at 4:40 pm
Mortgage interest rates remained relatively steady in the last week at an elevated rate of 7.19% for the 30-year fixed.
- Existing-Home Sales Decreased 0.7% in Auguston September 21, 2023 at 1:34 pm
In August 2023, existing-home sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines.
- Instant Reaction: Fed Announcement, September 20, 2023on September 20, 2023 at 7:17 pm
The Fed is on pause and needs to wait and not raise rates. Possible interest rate cuts then need to be considered once inflation is fully under control.