by Liz Ruggiero | Aug 10, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier |
Seeing a third-straight week of mortgage rate hikes, the 30-year fixed-rate mortgage (FRM) averaged 6.96% this week, up from last week’s increase to 6.90%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s...
by Aidan Whalen | Aug 9, 2023 | Best Practices, Consumer, Industry News, Latest News, Lead Story, National, News, Premier |
Immigrants will soon be the primary driver of new housing demand. That is not news—demographers have long predicted that the country is on track to see foreign-born households outstrip all other types of homebuyers by 2040, less than two decades from now. With more...
by Aidan Whalen | Aug 9, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier |
Mortgage applications decreased for the third-straight week, down another 3.1% from last week’s 3.0% dip, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 4, 2023. This week’s...
by Liz Ruggiero | Aug 8, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier, Technology |
The cooling effect that the housing market has endured this year hasn’t done many favors for brokerages, but one could argue that it’s essential to keep a glass-half-full perspective when things aren’t going your way. In the case of Compass,...
by Liz Ruggiero | Jul 28, 2023 | Consumer, Industry News, Latest News, Lead Story, National, News, Premier |
In the wake of the Federal Reserve ending its short-lived “pause” on rate hikes, the latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—has shown continued cooling. The Commerce Department announced Friday that PCE...
by Liz Ruggiero | Jul 25, 2023 | Consumer, Industry News, Latest News, National, News, Premier |
Consumer confidence increased again, from 109.7 in June to 117 in July, according to the latest data from The Conference Board. This reading is the highest seen since July 2021. The Consumer Confidence Index details consumer attitudes, buying intentions, vacation...