Tag: the line
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The Line: Mortgage Rates Remain New Three-Year Low
This week, we present the latest on mortgage rates, home sales, and the value of property in New York City Mortgage Rates Remain New Three-Year Low The average 30-year conforming mortgage rate ticked up to 6.09% this week, slightly higher than the previous week but still near a three-year low. Rates began to rise on Monday, due to tensions…
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The Line: Inflation Lower than Expected in December
There was a lot of economic data released this week, so welcome to another lightning-round edition of The Line. Inflation Lower than Expected in December The core consumer price index, which excludes food and energy prices, rose 0.2% in December and was 2.6% higher than a year ago. Both figures were slightly below forecast, which was…
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The Line: Job Growth Lower than Expected in December
For the first time in a few months, we have a jobs report on the first Friday of the month. Welcome to the “back to normal” edition of The Line. Job Growth Lower than Expected in December That headline really tells you all you need to know, but here are some specifics: To sum up,…
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The Line: Finally, The U.S. is Open for Business
Today we celebrate the reopening of our government and hope they never shut down again. Finally, The U.S. is Open for Business After the longest shutdown in history, the federal government reopened on Thursday. For many, this has been the longest 43 days of their lives. There were roughly 600,000 federal employees furloughed, and approximately 700,000 workers who were deemed to be essential and…
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The Latest in Real Estate from The MORE Network
The MORE Network brings together real estate insight, innovation, and conversation that moves the industry forward. From market cycles and strategic deals to design trends and personal stories, we bring you the perspectives shaping the industry today. Whether you’re a seasoned professional, an investor looking for an edge, or simply fascinated by the world of real estate, there’s always…
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The Line: The Fed Cuts 0.25%, But Still Finds a Way to Upset Us
This week, we digest the Fed’s rate cut and have the latest on mortgage rates. Hint: it’s more treat than trick, so welcome to the Halloween edition of the Line. The Fed Cuts 0.25%, But Still Finds a Way to Upset Us As expected, the Federal Reserve reduced short-term rates by 25 basis points at their meeting this week. This…
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The Line: Inflation Lower than Expected in September
Today, we present the latest on inflation and share some good news about mortgage rates. Inflation Lower than Expected in September I’m happy to report that the long-awaited September CPI report was good news, with both the monthly and annual increases coming in below forecasts. Here are the highlights of the report: To sum up, this is good news for the economy and interest rates.…
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The Line: Private Payrolls Down 32,000 in September
It’s the first Friday of the month, which usually means we have jobs report from the BLS to dissect. As you know, the government is currently in a shutdown, which means there won’t be a BLS September jobs report for a while. So today, we use employment data from another three-letter group: ADP. Private Payrolls…
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The Line: Retail Sales Up More than Expected in September
Brown Harris Stevens Chief Economist Greg Heym shares the latest on consumer spending, mortgage rates, inflation, and more.
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The Line: Inflation Falls to its Lowest Level Since March 2021
Brown Harris Stevens Chief Economist Greg Heym shares the latest on the consumer price index, housing, and more.