Less frequently than half the time, the actual GDP for a year falls within the range of consensus forecasts by economists. In other words, a coin-toss would necessarily be more accurate.
The 30-year mortgage rate dropped 30 basis points on January 6, 2023 perhaps based on optimism from data showing a deceleration in hourly wage growth.
As Bankrate.com explains, a conforming mortgage is one eligible for a guaranty by one of the government-sponsored entities, such as
Bankrate.com offers a helpful primer on the roles of Fannie Mae and Freddie Mac in the residential mortgage world.
In the children’s game by which we have titled this post, all players but one stand at a distance from the “goal”.
The National Association of Realtors released its existing-home sales data for August 2022. The small decline in sales from July was overshadowed by a 19.9% decline in sales compared to August 2021.
Following National Association of Realtor August 2022 data showing existing home sales down 0.4% from July to August and a whopping 19.9% from August 2021 to August 2022, lumber prices slid by over seven percent to a price not seen since a year ago.
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