by | Jan 16, 2024 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
In a speech sponsored by the think tank Brookings Institution, Federal Reserve Governor Chris Waller said he feels more confident and optimistic about the path of the economy than he has in the last three years, and painted a mostly rosy picture of the economy and the...
by | Jan 12, 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. loanDepot recently suffered a cybersecurity attack, causing them to shut down some of their systems, including their...
by Beth McGuire | Jan 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year-fixed-rate mortgage changed little this week, averaging 6.66%, a slight increase from last week’s average of 6.62%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This week’s numbers: The 30-year FRM averaged 6.66...
by | Jan 11, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Inflation saw another small rise in December, continuing the 0.1% rise seen in November. Following the two recent consecutive pauses in rate hikes from the Fed, economists feel that this reading reflects the Fed’s sentiments that interest rates will not see any...
by | Jan 11, 2024 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Interest rates will remain high for “some time,” according to recent comments made by New York Federal Reserve President John Williams. “I expect that we will need to maintain a restrictive stance of policy for some time to fully achieve our goals,” said Williams. “It...
by | Jan 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a two-week period of decreases over the recent holiday season, mortgage applications increased 9.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 5, 2024. This...