Mortgage Market Takes A Turn For Buyers

The Consumer Price Index inflation reading fell in June, hitting its lowest level in a year, raising the prospect that the Federal Reserve will begin to slash borrowing costs, a development that could lower the cost of home loans later in the year.Last month, CPI fell 0.1 percent on a monthly basis, and on a yearly basis, it accelerated by 3 percent slower than May's 3.3 percent, according to data from the U.S.

'Today's numbers instill more confidence that inflation is headed towards the central bank's target,' Elizabeth Renter, a senior Economist at NerdWallet, said in a note shared with Newsweek. 'It makes the likelihood of a September rate cut all the more likely, and a July cut not entirely off the table.'Housing economists suggested that the improved June inflation reading was an encouraging sign for those looking to buy a home at some point over the coming year.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Housing Market Takes a Turn for BuyersHomes sold lower than their listed price for the first time since 2020
مصدر: Newsweek - 🏆 468. / 52 اقرأ أكثر »

Housing Market Takes a Turn for RentersNew apartments are seeing prices falling.
مصدر: Newsweek - 🏆 468. / 52 اقرأ أكثر »

Market for newly built homes slows as elevated mortgage rates put off many home shoppersHomebuilders who bucked the worst of last year's housing slump may be seeing their luck run out.After showing signs of strengthening early this year, sales of n
مصدر: KUTV2News - 🏆 281. / 63 اقرأ أكثر »

Market for newly built homes slows as elevated mortgage rates put off many home shoppersHomebuilders who bucked the worst of last year's housing slump may be seeing their luck run out.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »

Market for newly built homes slows as elevated mortgage rates put off many home shoppersHomebuilders who bucked the worst of last year's housing slump may be seeing their luck run out.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »

Mortgage Rates Suffer Blow in Housing Market UpdateThe Federal Reserve projected fewer rate cuts than they forecast earlier this year.
مصدر: Newsweek - 🏆 468. / 52 اقرأ أكثر »