by | Dec 13, 2023 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Interest rates will remain unchanged for the second month in a row, according to the latest press conference from the Federal Reserve’s Federal Open Market Committee (FOMC). Following no change in rates in November, the Fed found that recent economic signs—such as a...
by | Dec 12, 2023 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Inflation saw a small rise again in November, following no changes in October. After the recent pause in rate hikes from the Fed, this reading is in line with economist predictions that the Fed could continue the pause, and possibly halt rate hikes altogether. The...
by | Dec 8, 2023 | Agents, Brokers, 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. –Freddie Mac announced a new down payment assistance push, standardizing and streamlining the process for borrowers to...
by | Dec 8, 2023 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
The U.S. added 199,000 jobs in November, and the unemployment rate fell slightly to 3.7%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. With the unemployment rate only falling slightly from 3.9% in October, the number...
by | Dec 7, 2023 | Economy, Industry News, Latest News, National, News |
The 30-year fixed-rate mortgage (FRM) decreased for the sixth straight week, from last week’s average of 7.22% to an average of 7.03% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers:...
by | Nov 30, 2023 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
The Personal Consumption Expenditures (PCE) index, maintained by the Bureau of Economic Analysis (BEA), tracks prices, consumer spending and fluctuations in them month to month. It is also the Federal Reserve’s preferred measure of inflation. If you want a sense of...