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...
by | Apr 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home purchases rose 6.2% in...
by | Apr 18, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Marking a third straight week of increases and moving over 7% for the first time this year, the 30-year fixed-rate mortgage (FRM) averaged 7.10% this week, up from last week’s increase to 6.88%, according to the latest Primary Mortgage Market Survey® (PMMS®) from...
by Beth McGuire | Apr 17, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting rates until the U.S. makes sustained progress in bringing down inflation. The Fed chief said that recent economic data has undoubtedly shown the...