Arthur Barnes EXP office Brokerage

Phone:
347 978 3394
Contact Us

Arthur Barnes EXP office Brokerage

Phone:
347 978 3394
Contact Us

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Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market

USA Real Estate News-RISMedia - Fri, 2026-10-02 12:34

The Federal Reserve’s new interest rate increase will likely be felt throughout the real estate industry, with mortgage rates surpassing last week’s data highlighting a two-year peak. According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.28%, up from last week’s average of 7.03% and up from last year’s…

The post Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market appeared first on RISMedia.

Labor Market Misses Projections; BLS Revisions Reveal a Downward Slope

USA Real Estate News-RISMedia - Fri, 2026-10-02 09:13

Unemployment continues to remain steady around the 4% range, according to the Bureau of Labor Statistics (BLS). The latest Employment Situation Summary from the BLS reports that the unemployment rate grew slightly—but not dramatically—to 4.2%, with the addition of 29,000 jobs. Previously, the unemployment rate sat at 4.1% for August. Categories like construction and manufacturing…

The post Labor Market Misses Projections; BLS Revisions Reveal a Downward Slope appeared first on RISMedia.

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