Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Mortgage Rates Plummet: Biggest Drop in Two Years!

by Team Lumida
August 7, 2024
in Macro
Reading Time: 2 mins read
A A
0
a group of cars parked on the side of a road

Photo by Chris Lawton on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com
1. US mortgage rates dropped to 6.55%, the largest fall in two years.
2. Lower rates could boost housing demand and affordability.
3. Watch for potential impacts on real estate and consumer spending.

What Happened?

US mortgage rates have significantly decreased to 6.55%, marking the largest drop in two years. This decline follows recent economic data suggesting slowing inflation.

Freddie Mac reported that the average 30-year fixed-rate mortgage fell from 6.94% to 6.55%. This sudden drop comes amid broader economic conditions that have eased pressure on long-term interest rates.

Why It Matters?

Lower mortgage rates can have a substantial impact on the housing market and broader economy. Reduced rates often lead to increased homebuyer demand, making homes more affordable and stimulating real estate transactions.

For investors, this trend could signal a potential rise in housing-related stocks and consumer spending on home improvements and furnishings. Freddie Mac’s chief economist, Sam Khater, noted, “The significant drop in mortgage rates, combined with recent data indicating slowing inflation, is good news for the housing market in the short term.”

What’s Next?

Expect increased activity in the housing market as buyers take advantage of lower borrowing costs. This could lead to a short-term boost in home sales and prices.

However, investors should also monitor the Federal Reserve’s future actions on interest rates, as any further adjustments could impact mortgage rates and market dynamics. Watch for shifts in consumer behavior, particularly in spending on housing and related sectors, as these could drive economic trends in the coming months.

Source: Bloomberg
Tags: InflationInterest Rates
Previous Post

Crypto Relief: BoJ’s Comments Spark Investor Optimism

Next Post

Disney’s Streaming Surges to Profit, but Theme Parks Face Trouble Ahead

Recommended For You

Trump’s U-Turn on China Buying Iranian Oil Sparks Confusion Amid Sanctions Policy

by Team Lumida
4 hours ago
Trump Announces 25% Tariffs on Mexico and Canada, Targeting Border Security and Trade

Key Takeaways: Powered by lumidawealth.com President Donald Trump announced on social media that China can continue purchasing oil from Iran, surprising oil traders and U.S. officials and potentially undermining...

Read more

Israel-Iran Conflict Revives China’s Interest in Russian Gas Pipeline Amid Energy Security Concerns

by Team Lumida
4 hours ago
Israel-Iran Conflict Revives China’s Interest in Russian Gas Pipeline Amid Energy Security Concerns

Key Takeaways: Powered by lumidawealth.com The Israel-Iran conflict has prompted China to reconsider the stalled Power of Siberia 2 gas pipeline project with Russia, seeking alternatives to Middle Eastern...

Read more

China Poised for Over 100 AI Breakthroughs, Ex-Official Predicts, Amid Growing U.S. Rivalry

by Team Lumida
1 day ago
China’s Bold Economic Moves: What You Need to Know Now

Key Takeaways: Powered by lumidawealth.com Former Chinese central bank official Zhu Min predicts China will achieve over 100 AI breakthroughs in the next 18 months, transforming its economy and...

Read more

Israel and Iran Agree to Ceasefire After Trump Brokers Truce to End Conflict

by Team Lumida
1 day ago
six fighter jets

Key Takeaways: Powered by lumidawealth.com U.S. President Donald Trump announced a ceasefire between Israel and Iran after escalating tensions and missile strikes from both sides. The truce was brokered...

Read more

Supreme Court Allows Trump Administration to Expedite Deportations to Third Countries

by Team Lumida
1 day ago
Supreme Court Allows Trump Administration to Expedite Deportations to Third Countries

Key Takeaways: Powered by lumidawealth.com The Supreme Court ruled in favor of the Trump administration, allowing the swift deportation of migrants to third-party countries without requiring meaningful notice of...

Read more

Shipping Industry on High Alert After US Strikes on Iran’s Nuclear Facilities

by Team Lumida
2 days ago
red and blue cargo ship on body of water during daytime

Key Takeaways: Powered by lumidawealth.com Greece has advised its shipowners to reassess passage through the Strait of Hormuz, citing heightened risks of Iranian retaliation following US airstrikes. Naval forces...

Read more

U.S. Urges China to Dissuade Iran from Closing Strait of Hormuz Amid Escalating Tensions

by Team Lumida
2 days ago
U.S. Struggles to Break China’s Grip on Critical Minerals as Syrah Resources Faces Setbacks

Key Takeaways: Powered by lumidawealth.com U.S. Secretary of State Marco Rubio called on China to leverage its influence over Iran to prevent the closure of the Strait of Hormuz,...

Read more

China Condemns US Strikes on Iran, Calls for Ceasefire and Middle East Peace

by Team Lumida
2 days ago
China’s Bold Economic Moves: What You Need to Know Now

Key Takeaways: Powered by lumidawealth.com China strongly condemned the US airstrikes on Iranian nuclear facilities, stating they violate the UN Charter and international law while escalating Middle East tensions....

Read more

Trump Signals Two-Week Delay on Iran Strike to Explore Diplomatic Options

by Team Lumida
5 days ago
Fed Official Warns of Inflation Risks Under Trump Presidency

Key Takeaways: Powered by lumidawealth.com President Trump announced he will decide within two weeks whether to strike Iran, signaling a pause to allow for potential diplomatic negotiations. Israel has...

Read more

Canada Imposes Steel Import Curbs to Counter Fallout from Trump’s Tariffs

by Team Lumida
5 days ago
flag of Canada

Key Takeaways: Powered by lumidawealth.com Canada is introducing import quotas and considering higher tariffs on U.S. steel and aluminum to protect its domestic metals sector, destabilized by Trump’s 50%...

Read more
Next Post
pink Disney Paris drink with green straw

Disney's Streaming Surges to Profit, but Theme Parks Face Trouble Ahead

Tech Stocks Soar: What This Means for Your Portfolio

Tech Stocks Soar: What This Means for Your Portfolio

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Wells Fargo & Company Q2 2024 Earnings Summary

Wells Fargo & Company Q2 2024 Earnings Summary

July 12, 2024
Coinbase’s $25M Boost to Crypto’s Biggest Political War Chest Yet

Coinbase Faces $400 Million Cyberattack Hit Amid SEC Scrutiny and S&P 500 Inclusion

May 16, 2025
Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

JPMorgan CEO Warns of ‘Inflated’ US Stock Market Despite Trump Rally

January 22, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018