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...
by | Aug 21, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications decreased 10.1% 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 large decrease from the most recent weeks of increases, however...
by | Aug 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term, fell by 0.6% in July to 100.4, following a decline of 0.2% in...