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Editor’s note: Econ Review is a roundup of the month’s housing and economic market data reports. The housing market is built on data. Home prices, home sales, construction rates coupled with economic data like inflation, jobs, interest rates—it all creates the ecosystem that is the housing market. Understanding the state of the market means understanding…
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Above, L-R: Sandy Karpen, Dan Porter, Nate Martinez, Melissa Dierks, Jamie Wong and Greg Remmers. REMAX Fine Properties has announced a strategic merger with REMAX Solutions. The expanded Arizona-based brokerage will now include more than 400 agents operating across 10 office locations statewide, with projected annual sales production beyond 3 billion, per the company. “This…
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The average 30-year fixed mortgage rate increased for the fifth consecutive week, rising to 6.46% as the ongoing war in Iran continues to roil financial markets, economists said. The average mortgage rate ticked up 8 basis points to 6.46% this week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday,…
The post Mortgage Rates Continue to Climb in ‘Complicated Intersection’ of Geopolitics and Economic Policy appeared first on RISMedia.