Mortgage rates are continuing their downward trend as investors keep a lookout for more signs of cooling inflation.

“This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the second and third quarters for all sectors except manufacturing,” writes Danielle Hale, chief economist at Realtor.com, adding that gas prices are also plunging.

Nadia Evangelou, NAR senior economist and director of real estate research, commented: 

“Mortgage rates continue to move down. According to Freddie Mac, the rate on a 30-year fixed mortgage dropped to 6.33% from 6.59% the previous week. Housing affordability rose about 8% in the last four weeks as mortgage rates moved closer to 6%. If…

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Stuff happens! That’s especially true during the holiday season. With guests coming and going, the fireplace regularly blazing, and packages arriving at your front door by the truckload, this is a particularly precarious time.

New data reveals that porch pirates (aka nefarious folks who sneak up to your doorstep and steal your packages) are among the most dreaded holiday-related worries, according to a survey from home security company SimpliSafe.

Almost half (45%) of the respondents reported they have had packages stolen from their front porch or home.

Porch pirates

The United States Postal Service estimates it delivers more than 13.2 billion parcels between Thanksgiving and New Year’s. And with more people doing their holiday shopping…

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Mortgage rates continued their plunge from a peak of 7.08% in November, marking their biggest three-week drop in 14 years.

“Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,” says Freddie Mac chief economist Sam Khater.

Mortgage rates this week

30-year fixed-rate mortgages

The average 30-year fixed-rate mortgage dropped to 6.49%, down from 6.58% the week prior, Freddie Mac reported Thursday. A year ago, the 30-year rate averaged 3.11%.

Mortgage rates began to slide below 7% after the most recent inflation data was released in mid-November. The consumer price index was at 7.7%, coming in below economist's expectations.

“Data shows that mortgage…

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