Weak Jobs Report Raises Hope for Lower Houston Mortgage Rates The US economy added just 57,000 jobs in June. That was way below the 110,000 that experts expected. According to the Bureau of Labor Statistics report, prior months were also revised down by a lot. The weak numbers are a big deal for Houston mortgage …
June Jobs Miss Puts Houston Mortgage Rates in Focus Read More »
Mortgage Rates Dip Slightly and Offer Relief to Buyers You may finally see a small break in the cost of your next home loan. According to a report from HousingWire, 30-year conventional Houston mortgage rates fell to an average of 6.73% this past week. This drop of 6 basis points might seem small. Still, it …
6.73% Rates Offer Needed Relief for the Houston Mortgage Market Read More »
Supreme Court Ruling Shields Fed Independence The Supreme Court made a big call this week. It ruled President Trump cannot remove Fed Governor Lisa Cook. The vote was 5-4. Cook can stay on the job while her case moves forward. An independent Fed matters for the Houston housing market. The Fed sets interest rate policy. …
Lock-In Effect Shifts: What It Means for the Houston Housing Market Read More »
National Home Prices See Sharpest Drop in Nine Years Are you looking for a sign to enter the housing market? National home prices just hit a major milestone. According to a report from Realtor.com, the median list price fell 2.4% year over year in May. This is the biggest drop since 2017. The median price …
2.4% Drop: National Home Prices See Biggest Shift in Nine Years Read More »
Fed’s Hawkish Turn Pushes Mortgage Rates Higher for Houston Buyers Kevin Warsh’s first Fed meeting as chair sent a clear signal. Nine of eighteen policymakers now expect rate hikes this year. That’s a sharp turn from earlier forecasts. Warsh also cut forward guidance from the Fed’s statement. According to a HousingWire report on the new …
Houston Housing Market Sees Homeownership Drop as Fed Tightens Read More »
Pending Home Sales Jump 4.8% as More Buyers Accept Higher Rates Home shoppers are signing contracts at a faster pace. Pending home sales rose 3.8% from April and 4.8% from a year ago. That’s according to new data from the National Association of Realtors. Every region in the country saw gains. The South, which includes …
Pending Home Sales Jump as Houston Mortgage Rates Ease Read More »
Mortgage Rates Jump After Calm Start to 2026 The housing market started 2026 with steady rates under 6.25%. That changed last week. Mortgage rates ended the week at 6.41%, marking their highest level of the year, according to a new report from HousingWire. The jump reversed months of calm in the bond market. Rates had …
6.41% Rates and What Houston Homebuyers Should Know Read More »
Mortgage Rates Hit One-Week Lows After Peace Deal News You may find some relief in the latest news. Mortgage rates dropped to their lowest levels in a week. This shift came after reports of a possible peace deal. Markets reacted fast to the news. Stocks went up while oil prices fell. This move created a …
Rates Hit One-Week Low as Texas Leads Nation in Housing Growth Read More »
Inflation Hits Fastest Annual Pace Since 2023 Prices grew more than expected last month. New data from the U.S. Bureau of Labor Statistics shows the Consumer Price Index rose to 4.2% annually. This is the fastest pace of price growth since April 2023. Energy costs made up most of the jump. Core inflation, which excludes …
4.2% Inflation and Houston Home Sales Surge: Weekly News Roundup Read More »
Jobs Growth Beats Expectations The U.S. economy added 172,000 jobs in May. This number beat many expert forecasts. The unemployment rate stayed steady at 4.3%. It remains near historic lows. Job gains came from several key sectors. Leisure and hospitality added 70,000 positions. Local government hired 55,000 workers. Health care grew by 35,000 roles. These …
Jobs Growth Signals Strong Houston Housing Market Read More »
