by | Sep 20, 2024 | Agents, Brokers, 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. -The Federal Reserve this week kicked off a long expected campaign of rate cuts with a larger than expected 50 basis...
by | Sep 20, 2024 | Industry News, Latest News, National, News, Premier |
A lack of building coupled with rising prices and interest rates that are falling at a tapered pace are the main drivers of the persisting housing affordability crisis, according to researcher Daniel T. McCue, who carried out the analysis for a recent Harvard...
by | Sep 19, 2024 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD). OceanFirst...
by Beth McGuire | Sep 19, 2024 | Industry News, Latest News, National, News, Premier |
More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday. The 30-year fixed-rate mortgage (FRM) averaged 6.09% this...
by Beth McGuire | Sep 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 0.2% in August to 100.2, following a decline of 0.6% in...
by | Sep 19, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Existing-home sales fell in August, according to the National Association of REALTORS® (NAR). Three out of four major U.S. regions posted sales declines, while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the...