Inflation Accelerates in January, Two More Rate Hikes Now Likely
By Gay Cororaton, MIAMI REALTORS® Chief Economist Inflation picked up in January 2023 across a broad array of items, with the overall price of...
Tag : mortgage rate
Mortgage rates could hit 5.5% at year-end and average 6% which is affordable for homebuyers
By Gay Cororaton, MIAMI REALTORS® Chief Economist With inflation on the wane per the latest CPI report, I expect the 30-year fixed mortgage rates to...
Miami Metro Area’s Job Growth Continues Outpacing National Trend
By Gay Cororaton, MIAMI REALTORS® Chief Economist The Miami metro area continues to post stronger job growth than the nation, according to Bureau of...
30-Year Mortgage Rate Drops for Fifth Consecutive Week to 6.31% Resulting in More Mortgage Applications
By MIAMI Realtors® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the fifth consecutive week during the week of December 15, 2022 to...
Inflation Slows to 7.1% in November 2022, With Shelter as Main Inflation Driver
Inflation has increased faster in Miami than nationally due to strong employment and migration into the area....
30-Year Mortgage Rate Falls for Fourth Consecutive Week to 6.33%, Saving Potential Buyers Nearly $200/Month
By MIAMI REALTORS® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the fourth consecutive week during the week of December 8, 2022 to...
Inflation decelerates to 7.7% in October boosting likelihood Fed will slow down on interest rate increases
By MIAMI REALTORS® Chief Economist Gay Cororaton It’s good news on the inflation front in October 2022. Headline annual inflation slowed to 7.7% while core...
30-Year Fixed Rate Falls to 6.61% in Week of November 17
By MIAMI Realtors® Chief Economist Gay Cororaton The average 30-year fixed rate mortgage rate fell sharply to 6.61% for the week of November 17, the...