by Liz Ruggiero | Jul 7, 2023 | Industry News, Latest News, National, News, Premier |
A labor market that for months seemingly shrugged off the Federal Reserve’s heavy hand finally appears to be slowing, as the latest report on jobs missed expectations with 209,000 new positions added in June. Economists and investors expected around 240,000. The...
by Liz Ruggiero | Jul 7, 2023 | 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 are pushing toward last year’s peak, reaching 6.81% this week, according to Freddie Mac. Despite a pause...
by Liz Ruggiero | Jul 6, 2023 | Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
RISMedia’s Broker Confidence Index (BCI) appears to be see-sawing as the industry slides into an atypical summer season, jumping again in June after a sharp dip in May, with real estate business leaders still contending with a hard inventory crunch and persistently...
by Liz Ruggiero | Jul 6, 2023 | Industry News, Latest News, National, News, Premier |
While the Federal Reserve delivered a reprieve from its interest rate hike campaign last month, the decision didn’t come lightly, as minutes from the most recent Fed meeting suggest that policymakers were divided on whether or not to continue raising rates. While Fed...
by Liz Ruggiero | Jul 6, 2023 | Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) rose from last week’s average of 6.71% to an average of 6.81% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged...
by Liz Ruggiero | Jul 6, 2023 | Industry News, Latest News, National, News, Premier |
Mortgage applications decreased 4.4% from one week earlier, following last week’s increase of 3%, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 30, 2023. This week’s numbers: The...