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The latest inflation reading appears to be in line with the Federal Reserve's goals, with the core Personal Consumption Expenditures (PCE) index, excluding volatile food and energy prices, coming in at 2.9% for December, surpassing expectations. This marks a significant...
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In a recent update from Bloomberg, three Federal Reserve officials have underscored their commitment to data-driven decision-making regarding potential interest rate cuts. San Francisco Fed President Mary Daly, in an interview on Fox Business, emphasized the importance of not prematurely...
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In a promising turn of events, Fannie Mae is charting a positive course for the mortgage market, with projections indicating that rates will drop below 6% by the end of 2024. This anticipation has far-reaching implications, boosting refinance volumes and...
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In a recent turn of events, the construction of new homes in the US experienced a decline for the first time in four months during December. Government data revealed a 4.3% decrease in residential starts, marking an annualized rate of...
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Introduction: As the new year unfolds, prospective homebuyers are reemerging, armed with a strategic approach to secure deals before the market's competitive landscape intensifies. The Mortgage Bankers Association (MBA) reports a notable 9.9% increase in mortgage applications on a seasonally...
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