by | Apr 30, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumers have been feeling the waves of unrest in the economy, with mortgage rates now back up above 7% and the PCE index—the Fed’s favorite measure of inflation—up by 2.8% year-over-year. Consumer confidence fell significantly in April, dropping from 103.1 in March...
by | Apr 26, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Hopes for lower mortgage rates soon were tempered Friday as inflation showed little signs of easing in March, with a key report the Federal Reserve eyes closely showing that price pressures remain elevated. The PCE Index, the Federal Reserve’s preferred measure of...
by | Apr 26, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –Rates continue to push above 7%, according to the latest data from Freddie Mac, as new inflation data and...
by | Apr 25, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After exceeding 7% last week, the 30-year fixed-rate mortgage (FRM) continued to rise, this week averaging 7.17%, up from last week’s average of 7.10%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s...
by | Apr 24, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending April 19, 2024. This week’s numbers:...
by | Apr 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Leading Economic Index (LEI) fell 0.3% in March to 102.4, a reverse from February’s slight increase, according to the latest release from The Conference Board. March’s LEI is down 2.2% over the six-month period between September 2023 and March 2024—down from its...