Weekly Mortgage Rate Update
Fed officials noted that household spending and business investment have "grown strongly." Investors expect that the Fed will raise the federal funds for the third time this year at the next meeting on September 26.
THIS WEEK'S RATE TREND IS UP
- The average down payment for first-time homebuyers is only 6%!
- Despite mortgage interest rates being over 4%, rates are still below historic numbers.
- 88% of property managers raised their rents in the last 12 months!
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