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why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations.

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why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. The 30-year fixed-rate mortgage fell to an average of 7.03% in the week ending December 7, down from7.22% the week before, according to data from Freddie Mac released Thursday. A year ago, the average 30-year fixed-rate was 6.33%

why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. The survey includes only borrowers who put 20% down and have excellent credit. A current buyer’s ratemay be different.

“Although these lower rates remain a welcome relief, it is clear they will have to further drop to more consistently reinvigorate demand,” said Sam Khater, Freddie Mac’s chief economist.

why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. The average rate rose above 7% in mid-August and reached as high as 7.79% at the end of October. But several weeks of declining rates could be a sign that the highest mortgage rates of this cycle have passed, welcome news for would-be buyers facing the least affordable market since the 1980s.

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Bob Broeksmit MBA’s CEO, said the increase was a strong indication that borrower demand is rising as a result of the recent decline in mortgage rates.

“The market outlook continues to improve as 2023 closes, with mortgage rates now down almost a full percentage point from their recent highs a few months ago,” he said.

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Despite dropping rates being a promising break for homebuyers, only 14% of consumers believed it is a good time to buy a home in November, a record low, according to the monthly Home Purchase Sentiment Index from Fannie Mae.

Pessimism regarding the state of the housing market has been persistent, with the share of consumers saying it is a “bad time to buy” breaking records several times this year – including in November, said Doug Duncan, Fannie Mae’s chief Economist.

“Each time the pessimism could be attributed to high home prices and high mortgage rates,” Duncan said.

why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Precise AI-powered predictions and market insights to guide your stock selection. Use real-time market data, futures trends, and stock indices to make strategic investment decisions for long-term profitability. The survey shows a significant majority of respondents have also continued to expect mortgage rates to increase or stay the same, though these expectations have tempered over the year.

“At the same time, consumers have expressed a reduced sense of financial security, with fewer respondents reporting household income growth over the year and a higher percentage saying their incomes remained the same,” said Duncan.

Inflation has dropped significantly in reaction to the Federal Reserve’s historic rate hikes of the past two years.

Investors and analysts are eying next week’s Fed meeting for hints about the Fed’s monetary policy stance in 2024.

why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Expert predictions of stock trends to help you select high-potential stocks accurately, along with free real-time market data on stocks, futures, and commodities. Maximize your growth potential by staying updated on market movements. Although Federal Reserve Chairman Jerome Powell said last week that it was too early to conclude that the current monetary policy is restrictive enough to tame inflation down to the 2% target, recent economic data has boosted investors’ confidence that the Federal Reserve may be done with rate hikes, said Jiayi Xu, economist at Realtor.com

Following the October job openings data, which showed some cooling in the labor market when it was released on Tuesday, the 10-year treasury yield dropped to its lowest level in three months.

why is astra microwave products limited (astramicro) rising ✌️【Value Investing】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. While the Fed does not set the interest rates that borrowers pay on mortgages directly, its actions influence them. Mortgage rates track the yield on 10-year US Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow.

“Looking ahead, we predict that sustained improvement in inflation will bring the mortgage rate down to 6.5% by the end of 2024,” said Xu. “Nonetheless, as mortgage rates stay elevated, ongoing high housing costs indicate that the cooling trend in the nationwide housing market is likely to persist.”

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