The softening job figures suggest that the Federal Reserve will cut interest rates in mid-September.

Nationwide, the number of home-purchase loan applications has declined from 7.9 million to 6.5 million.

The average 30-year fixed mortgage rate from Freddie Mac remained unchanged at 6.35% this week from last week.

In July 2024, office vacancy rates remained at a record high of 13.8%, retail and industrial fundamentals softened, and demand…