by | Aug 30, 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. – A Federal Reserve interest rate cut is looking more and more imminent with this month’s Personal...
by | Aug 30, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
The Federal Reserve’s preferred measure of inflation showed an annual gain of 2.5% in July, within striking distance of the central bank’s long-term mandate of 2%, putting the country firmly on track for a series of rate cuts—likely starting next month. The Personal...
by Beth McGuire | Aug 29, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down from last week’s 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: ...
by | Aug 28, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024. This is a slight reverse from last week’s 10.1% drop, as experts feel homeowners...
by | Aug 28, 2024 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
It’s coming. The Fed has strongly intimated that an interest rate is coming, most likely at its next meeting Sept. 18, and most everyone connected to real estate sales awaits with great hope. But will it really make a difference? Will one single rate cut of perhaps as...
by | Aug 27, 2024 | Agents, Brokers, Consumer, Economy, Industry News, National, News, Premier |
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on...