by | Jan 11, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Inflation saw another small rise in December, continuing the 0.1% rise seen in November. Following the two recent consecutive pauses in rate hikes from the Fed, economists feel that this reading reflects the Fed’s sentiments that interest rates will not see any...
by | Jan 11, 2024 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Interest rates will remain high for “some time,” according to recent comments made by New York Federal Reserve President John Williams. “I expect that we will need to maintain a restrictive stance of policy for some time to fully achieve our goals,” said Williams. “It...
by | Jan 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a two-week period of decreases over the recent holiday season, mortgage applications increased 9.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 5, 2024. This...
by | Jan 5, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The U.S. added 216,000 jobs in December, and the unemployment rate was unchanged at 3.7%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. Along with the unemployment rate, the number of unemployed persons was unchanged at...
by | Dec 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage continued its fall below 7% this week, averaging 6.67% this week, down from the previous week’s dip to 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The...
by | Dec 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.5% in November to 103, following a decline of 1% in October. The LEI contracted by 3.5% over the six-month period between May and November 2023, a smaller decrease than its 4.3% contraction...