by | Jul 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage rates may finally start to begin a steady lower trajectory nationally following encouraging news on inflation. The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, declined 0.1% in June on a seasonally...
by Beth McGuire | Jul 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
As the 30-year average mortgage rates teased 7% this past week, mortgage application activity saw a second-straight week of decreases, down 0.2% from last week’s 2.6% dip, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA)...
by | Jul 9, 2024 | Economy, Industry News, Latest News, National, News, Politics, Premier |
Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market....
by | Jul 8, 2024 | Economy, Industry News, Latest News, National, News, Premier |
At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central...
by | Jun 28, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer sentiment continued to waver in June, as economic signs gave little hope for inflation relief in the near future. Consumer sentiment fell 1.3% in June, from 69.1 in May to 68.2, according to the University of Michigan’s latest report. This is the fourth...
by | Jun 28, 2024 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Finally, inflation numbers open up the door for the Federal Reserve to potentially cut rates this September. The personal consumption expenditures (PCE) price index—the Fed’s preferred measure of inflation—rose 2.6% year-over-year in May, with a change of 0% between...