by Beth McGuire | Aug 29, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down from last week’s 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: ...
by | Aug 28, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024. This is a slight reverse from last week’s 10.1% drop, as experts feel homeowners...
by | Aug 28, 2024 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
It’s coming. The Fed has strongly intimated that an interest rate is coming, most likely at its next meeting Sept. 18, and most everyone connected to real estate sales awaits with great hope. But will it really make a difference? Will one single rate cut of perhaps as...
by | Aug 27, 2024 | Agents, Brokers, Consumer, Economy, Industry News, National, News, Premier |
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on...
by | Aug 23, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
Above, Jerome Powell The possibility of a September interest rate cut just became a much more imminent promise, according to a speech given by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, today. At the Central Bank’s annual Wyoming retreat, Powell...
by | Aug 22, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) remains at the low level seen recently, from last week’s average of 6.49% to a current average of 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The...