Mortgage Rates The 30-year fixed mortgage rate is 6.78%, up slightly from 6.77% last week. With 20% down, a median-priced home costs $2,222 per month, and $2,500 with 10% down.
Economic Indicators GDP growth exceeded expectations. The PCE price index rose 2.6% in Q2, down from 3.4% in Q1. Core PCE increased 2.9%, down from 3.7%. Monthly PCE data is out tomorrow.
Fed Policy Consumer spending is divided amid inflation. The FOMC is likely to hold the current Fed Funds Rate until September.
Curious about how these trends affect your home buying plans? Visit The Pagani Group or contact us at 305-767-5919 for more information.
The Pagani Group,
Direct Cell: +1-305-767-5919
E-mail: Isabel@ThePaganiGroup.com
Exclusive Agent for LP Global Realty
2501 South Ocean Dr. Suite C-14
Hollywood FL 33019
Disclaimer:
** This information is subject to copyright. The Pagani Group is not liable for any information provided. Please contact the agent before making any decisions on your future Purchase as this information might be changing and not always accurate.