Rates for home loans fell along with the broader bond market even as the transformation of the real-estate industry quickened pace.
The 15-year fixed-rate mortgage averaged 3.57%, down from 3.60%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, down 5 basis points. In fact, with business so brisk, most of what keeps Harty up at night are the big-picture questions. He’s keeping a close eye on the class-action lawsuit filed against big real-estate companies and the National Association of Realtors, as well as a wave of seismic shifts in the industry that threaten to make real-estate agents redundant.
Good
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mortgage rates tumble as one economist waves the white flagRates for home loans fell again, overcome by all the same factors that have dogged financial markets for the past decade, including low inflation and unease...
Source: MarketWatch - 🏆 3. / 97 Read more »
Economist John Taylor thinks the Fed is 'in a better place' with interest ratesRaising interest rates has given the Federal Reserve some breathing room for the next time a downturn hits, economist John Taylor said Friday.
Source: CNBC - 🏆 12. / 72 Read more »
Vice President Pence says the Fed should consider lowering interest rates because of low inflationVice President Mike Pence believes the Fed should look to cut its benchmark interest rate. The VP should consider a new job 😁 Does that mean Pence is pro inflation? Absurd. The economy is incredibly strong right now so there’s no need to lower rates.
Source: CNBC - 🏆 12. / 72 Read more »
Fed should consider lowering interest rates, Pence saysVice President Mike Pence said Friday the Federal Reserve should look at cutting interest rates, speaking to CNBC after the latest U.S. employment report.... Lolz. Burn the house down. Wrong. another parrot of trump, ridiculous
Source: MarketWatch - 🏆 3. / 97 Read more »