In Larkspur, California, pending home sales fell 1.5% in October to their lowest level in 20 years, according to the National Association of Realtors. Mortgage rates for 30-year fixed-rate loans dropped to 6.29%, the lowest since February 2023, leading to a 1.4% rise in total mortgage demand, with refinance applications up 1% and home purchase applications up 2% for the week. Despite lower rates, affordability challenges and limited inventory are still hindering purchase decisions, with the Consumer Price Index release expected to impact rates further.
Full Article
The Biggest Takeaways From Axon Enterprise's Aug. 4 Earnings Report
On August 4, Axon Enterprise (NASDAQ: AXON) released its second-quarter financial report, leading to an 18% increase in its stock price, closing at approximately $745 per share. This rise contributes to a total year-to-date gain of 48% as of August 6. Want More Context? 🔎
Read more