Today's Headlines - Realty Times
Posted On Friday, 12 July 2024 11:59
Posted On Friday, 12 July 2024 11:33

We finally start to see that the numbers we get from the BLS report (Bureau of Labor Statistics) might be better called “Basic Lying Statistics”, as once again they have had to go back in time and adjust numbers DOWN by HUNDREDS OF THOUSANDS of JOBS…AGAIN! This nonsense must stop because it has become alarming to see that government reporting of data is so flawed that we are better served by eliminating that entire entity and just saving the money. 

It is important to note that the BLS keeps presenting numbers touting the creation of hundreds of thousands of jobs, but a deeper dive shows that we are losing full time jobs at an alarming rate and those job loses are being offset by a significant rise in parttime offerings. Since so many jobs are being offered in multiple markets across multiple platforms, it can often confuse the situation and even present a distorted picture. We also must talk about the algorithms, seasonal adjustments, and how the household surveys are being done because most people would be shocked if they knew. Even worse, the unemployment rate has ticked UP to 4.1% according to reports, which flies in the face of what the “experts” would have you believe.

You must maintain your knowledge by knowing where to look and when to gather your own information so YOU can make an informed choice as to the conversations you are having with your people. Today we have initial and continuing jobless claims and the CPI numbers; Friday we will have the PPI report. All of these could be market moving!

Last on the topics of today is that we are just a little more than five weeks away to historic changes in how real estate will function between buyers, sellers, real estate agents, and commissions! To my knowledge, I have not seen any official documents or language on how commissions will be handled or even basic information of those buyer agreements or how existing listing agreements will be modified to comply with the new rules. If anyone should come across anything official from any state or MLS, please share! You can always reach out to me by emailing me: This email address is being protected from spambots. You need JavaScript enabled to view it.

Posted On Monday, 15 July 2024 00:00 Written by
Posted On Thursday, 11 July 2024 16:09 Written by
Posted On Thursday, 11 July 2024 12:45 Written by
Posted On Thursday, 11 July 2024 12:33
Posted On Thursday, 11 July 2024 11:39
Posted On Thursday, 11 July 2024 11:27
Posted On Thursday, 11 July 2024 11:15

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.89 percent.

"Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,” said Sam Khater, Freddie Mac’s Chief Economist. “We’re also seeing more inventory on the market, including a fair number of listings with price cuts, which is an encouraging sign for prospective buyers.”

News Facts

  • The 30-year FRM averaged 6.89 percent as of July 11, 2024, down from last week when it averaged 6.95 percent. A year ago at this time, the 30-year FRM averaged 6.96 percent.
  • The 15-year FRM averaged 6.17 percent, down from last week when it averaged 6.25 percent. A year ago at this time, the 15-year FRM averaged 6.30 percent.

The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website |

Posted On Thursday, 11 July 2024 09:44 Written by
Posted On Thursday, 18 July 2024 00:00 Written by
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