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...
by | Dec 6, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Total nonfarm payroll employment rose by 227,000 in November—higher than expectations—and the unemployment rate changed little at 4.2%, the U.S. Bureau of Labor Statistics reported December 6. Employment trended up in healthcare, leisure and hospitality, government...
by | Nov 21, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term, declined by 0.4% in October, to 99.5, following a 0.3% decline in...
by | Nov 15, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The upward trajectory of mortgage rates leveled off during the second week of November, coming in at 6.78% as...