by | Sep 1, 2023 | Economy, Industry News, Latest News, National, News, Premier |
For the month of June, 2.6% of all mortgages in the U.S. were in some stage of delinquency, unchanged from last month and a 0.3 percentage point decrease from the 2.9% rate last year. This is the same reading as the historic low of 2.6% in March. According to...
by | Sep 1, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The U.S. added 187,000 jobs in August, and the unemployment rate took a leap to 3.8%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. With the unemployment rate jumping from 0.3% to 3.8%, the number of unemployed persons...
by | Sep 1, 2023 | Agents, 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. –Rates remain stuck above 7% this week, despite a small decrease, with the 30-year fixed averaging 7.18%,...
by | Aug 31, 2023 | Agents, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
The latest report on Personal Consumption Expenditures (PCE) showed prices climbing by 0.3% from last month, an expected but still potentially concerning increase in inflation as the Federal Reserve mulls its next move on interest rates. The PCE index, which is the...
by | Aug 30, 2023 | Agents, Economy, Industry News, Latest News, National, News, Premier |
A mixed report on pending home sales to close out the summer offers a muddled picture of 2023’s slow season, as the forward-looking data on contract signings found transactions varied widely across the country. Overall, pending sales rose 0.9%, with the Midwest and...
by | Aug 29, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Even as sales have slumped, home prices have remained mostly resilient and even beaten long-term averages, according to the latest data from the flagship S&P CoreLogic Case-Shiller Index, which tracked a 0.7% increase over last month. Prices are up 4.7% so far...