by | Dec 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, saw a rise for the first time in eight months and nearly completely reversed course from...
by | Dec 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based on projections of a slower pace of cuts going into 2025. During its final meeting of the year, the Federal Open Market...
by | Dec 16, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
Rising inventory levels and changing buyer demographics are boosting optimism for the housing market in 2025 even as affordability headwinds carry into the new year, Rocket Companies CFO and Treasurer Brian Brown said during a fireside chat at the Goldman Sachs U.S....
by | Dec 12, 2024 | Economy, Industry News, Latest News, National, News, Premier |
With mortgage rates continuing their descent in recent weeks, borrowers who faced rates topping out at over 8% last year, drove a surge in refinance applications this past week; we may also see further refi activity ahead, as rates continued their decline this week. ...
by | Dec 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
With mortgage rates hitting six-week lows this past week, home-purchase applications saw their fifth-straight week of increases, driven primarily by a surge in refinance activity by borrowers with the higher rates of this time last year. Veterans Affairs loans in...
by | Dec 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a year of inflation coming down, the last stretch of 2024 has seen a reverse course, per the latest Consumer Price Index (CPI). The CPI, updated every month by the U.S. Bureau of Labor Statistics, measures changes to the costs consumers are facing and gauges...