by | Nov 1, 2023 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Interest rates will not see a hike, nor any decrease, this week, according to the latest press conference from the Federal Reserve’s Federal Open Market Committee (FOMC). The official statement from the FOMC read: “The Committee seeks to achieve maximum employment and...
by | Nov 1, 2023 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer confidence fell for the third month in a row, although at a smaller rate, from 104.3 in September to 102.6 in October, according to the latest data from The Conference Board. “Consumer confidence fell again in October 2023, marking three consecutive months...
by | Oct 27, 2023 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer sentiment dropped 6% in October, according to data from the University of Michigan. “Consumer sentiment confirmed its early-month reading, falling back about 6% this October following two consecutive months of very little change. This decline was driven in...
by | Oct 27, 2023 | 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. Mortgage rates continued their rise this week, edging closer to 8%, according to Freddie Mac’s latest Primary Mortgage...
by | Oct 26, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) increased from last week’s average of 7.63% to an average of 7.79% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage...
by | Oct 20, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The Leading Economic Index (LEI) fell 0.7% in August to 104.6, marking a year and a half of consistent declines, according to the latest release from The Conference Board. August’s LEI is down 3.4% over the six-month period between March and September 2023—improved...