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National Daily Mortgage and Real Estate News for Friday January 10th 2025
National Daily Comprehensive Mortgage, Real Estate, Business, and Economic News, including the latest stock and bond markets, gold and silver prices, crypto currency, rates, and overview of important housing and finance news in the United States for Friday, January 10th, 2025.
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Here’s a complete update on the latest events in the U.S. mortgage, real estate, business, and economic sectors, including financial markets and commodities, as of Friday, January 10, 2025.
Mortgage and Real Estate
Current Mortgage Rates:
- The average fixed-rate mortgage for 30 years stands at about 6.91%, and it has been moving upward due to increasing yields of Treasury securities.
Housing Market Outlook:
- Economists anticipate that mortgage rates will surpass six percent through 2025, and home values will continue to appreciate, although slower.
- This trend indicates a lasting problem of affordability among potential home buyers.
Regional Spotlight:
- Buffalo, New York, has been recognized as the top housing market in 2025.
- This is because of high demand vis-à-vis limited supply, which has resulted in great price appreciation.
Business and Economic Indicators
Employment Data:
- In December alone, the U.S. added 256k jobs, exceeding expectations, which indicates strong economic growth.
- Given this strong labor market performance, this. This has implications for monetary and inflation once.
Inflation Outlook:
- Prospects of growing consumer prices remain elevated due to expected import tariffs and sustained economic growth, which might influence the Federal Reserve’s future actions.
Financial Markets
Stock Market:
- However, The stock market experienced a decline, with the S&P 500 and Dow Jones Industrial Average dropping by about 1.5%.
- Investors are worried that a strong economy could lead to higher interest rates for a long time, affecting firms’ earnings and valuations.
Bond Market:
- U.S. Treasury yields have risen as investors adjust their Federal Reserve interest rate policy expectations.
Commodities
Gold and Silver:
- Gold prices have increased due to strong demand and the expectation of lower interest rates supporting the market.
- As markets stabilize, some analysts see gold prices rising to $3,000 an ounce and silver surging to $38/oz by late 2025.
Cryptocurrency
Bitcoin:
- Bitcoin has barely managed to maintain levels above $100,000 after hitting an all-time high of $110,000 recently and then going down by 4.7% over the last five days.
- It is currently being traded at around $93,712.
- Rising U.S. Treasury yields have also put pressure on risk assets such as cryptocurrencies.
As of January 10, 2025, the U.S. economic landscape depicts a flourishing job market, elevated mortgage rates, and oscillating financial markets. Despite local variations in the housing industry, home prices will continue to be positive, and there are no signs of a slowdown in demand levels across the country.
Investors and consumers should stay updated and mindful of these events when planning their finances.