Michael Burns Real Estate

11/07/2024

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02/26/2024

As the busy spring season nears, buyers and sellers are starting to make peace with high rates rather than hold out for sweeter deals.

01/27/2024

Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; most economists think they will wait until June, given ongoing strength in household spending and uncertainty over the economic outlook.

01/04/2024

The media U.S. mortgage payment was down nearly $400 in December from its October peak, enticing some homebuyers back into the market, according to a Thursday report from real estate group Redfin. …

12/24/2023

Federal Reserve policymakers are set to start the new year with fresh evidence that their 2022-2023 interest-rate hike campaign put U.S. price pressures firmly in retreat, with data on Friday showing that by some key measures inflation is now at or below their 2% goal.

12/15/2023

The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few h...

11/25/2023

Central bankers and market practitioners were clearly wrong-footed by the recent rise in interest rates. “Lower for longer” was the mantra until a few years ago. Then came “higher for longer” and now possibly “lower slightly sooner than expected". Observing these oscillating forecasts, a b...

11/09/2023

The interest rate on the most common type of U.S. residential mortgage plunged last week by the most in nearly 16 months on the back of a rally in the Treasury market that drove down the benchmark yields used to set home loan costs.

10/02/2023

09/29/2023

Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage rates erode affordability, according to a survey released on Thursday.

09/12/2023

"I don't see this turning into lots of violations — more like corrections taken by brokers to create better communication channels," one agent said.