by | Jul 16, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
In a surprising statement made during a speaking engagement at the Economic Club of Washington D.C. on July 15, Federal Reserve Chair Jerome Powell said that inflation would not necessarily have to hit 2% before interest rates are cut. This statement constitutes a...
by | Jul 12, 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. As of July 11, 2024, the average 30-year mortgage rate is 6.89% (down from 6.95% the previous week). The 15-year rate...
by | Jul 12, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The mortgage market has been going through a gradual change as it adjusts to higher-for-longer interest rates. With this shift, a rising tide of higher mortgage rates has reshaped the landscape and, notably, is creating a shrinking pool of homeowners with mortgage...
by | Jul 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage rates may finally start to begin a steady lower trajectory nationally following encouraging news on inflation. The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, declined 0.1% in June on a seasonally...
by Beth McGuire | Jul 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
As the 30-year average mortgage rates teased 7% this past week, mortgage application activity saw a second-straight week of decreases, down 0.2% from last week’s 2.6% dip, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA)...
by | Jul 9, 2024 | Economy, Industry News, Latest News, National, News, Politics, Premier |
Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market....