Fed Cuts Key Interest Rate
The Federal Reserve lowered its key rate by 0.25 points to 3.9%, its second rate cut this year and a move that could gradually lower mortgage rates.
Benefits of VA Loans for Buyers, Sellers
VA loans offer sellers dependable buyers and give buyers lower rates, limited fees, no PMI and built-in protections for appraisals and safety.
Citizens Policy Count Plummets
Citizens had 569,495 policies as of Friday, down from 768,643 policies a week earlier, as the depopulation program continues.
October Consumer Confidence Dips
U.S. consumer confidence fell slightly as concerns about inflation and future job prospects grew, signaling continued unease about the economy.
NAR: Pending Home Sales Flat in September
Pending home sales held steady in September, with the South leading regional gains, NAR said. Inventory hit a five-year high as mortgage rates trended lower.