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Property News for 14 June 2022
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
CNBC - 14 Jun 2022 21:31
The average rate on the popular 30-year fixed mortgage hit 6.28% Tuesday, according to Mortgage News Daily.
Real estate firms Compass and Redfin announce layoffs as housing market slows
CNBC - 14 Jun 2022 20:09
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
Make these money moves before the Fed hikes rates again
CNBC - 14 Jun 2022 17:58
After May's disappointing consumer price index report, some analysts are now expecting a 75 basis point hike from the Fed on Wednesday. Here's how to prepare.
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