by | Apr 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home purchases rose 6.2% in...
by | Apr 18, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Marking a third straight week of increases and moving over 7% for the first time this year, the 30-year fixed-rate mortgage (FRM) averaged 7.10% this week, up from last week’s increase to 6.88%, according to the latest Primary Mortgage Market Survey® (PMMS®) from...
by Beth McGuire | Apr 17, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting rates until the U.S. makes sustained progress in bringing down inflation. The Fed chief said that recent economic data has undoubtedly shown the...
by | Apr 12, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in April. The dip, however, is not any cause for concern, according to experts. Consumer sentiment fell 1.9% in April, following a 0.5% decrease in March. These...
by | Apr 10, 2024 | Agents, Brokers, Economy, Latest News, National, News, Premier |
In a Consumer Price Index (CPI) report April 10, those hoping mortgage rates would soon decline once the Fed lowered interest rates were likely disappointed. The CPI accelerated in March, pushing inflation higher and likely giving the Federal Reserve pause when...
by | Apr 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a slight decrease last week, U.S. mortgage applications increased 0.1% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) released Wednesday for the week ending April 5, 2024. Here’s a...