Author Archives: leonardrealestategroup

FED HOLD RATES FIRM FOR THE FIFTH CONSECUTIVE MEETING via themortgagepoint.com—The Federal Reserve Open Market Committee (FOMC) has wrapped up its July meeting Wednesday afternoon, and decided for the fifth consecutive meeting, to hold the federal funds rate steady at … Read More

MORTGAGE RATES CLIMB AGAIN AFTER INFLATION UPTICK via realtor.com—Mortgage rates increased on Thursday for the second week in a row, on the heels of June inflation data that showed consumer prices surging to a four-month high. The average rate on … Read More

RATES SLIDE TO LOWEST LEVEL IN 3 MONTHS via realtor.com—The Freddie Mac 30-year mortgage rate fell to 6.67% this week, a 10-basis-point drop and the fifth consecutive week of decline. The broader economic backdrop remains mixed, with persistent inflation pressures, … Read More