Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.31 percent as of September 28, 2023.
According to global property consultant CBRE, U.S. office conversions are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments.
According to national property broker Redfin, residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock.
Based on new projections by AAA booking data for flights, hotels, rental cars, and cruises shows Labor Day weekend travel in 2023 is up over last year: domestic bookings are up 4% and international bookings are up 44%.
Based on the Mortgage Bankers Association's latest Builder Application Survey for July 2023 shows U.S. mortgage applications for new home purchases increased 35.5 percent compared from a year ago. Compared to June 2023, applications increased by 0.2 percent. This change does not include any adjustment for typical seasonal patterns.
Posted on June 20, 2023