by | Aug 21, 2025 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
The latest Federal Open Market Committee (FOMC) meeting held by the Federal Reserve (Fed) concluded with the decision to maintain the current interest rate from 4.25% to 4.5%, which went into effect July 31. The meeting minutes reveal that while unemployment remains...
by Beth McGuire | Aug 14, 2025 | Industry News, Latest News, National, News, Premier |
Seeing a third week of declines and the lowest point since October, decreasing mortgage rates saw purchase applications and especially refinance applications surge this past week but continued uncertainty over inflation and the economy could still be keeping buyers on...
by | Aug 12, 2025 | Industry News, Latest News, National, News, Premier |
Federal Reserve Chair Jerome Powell previously predicted that inflation effects from tariffs would begin showing up in summer readings. The latest Consumer Price Index (CPI) from the Bureau of Labor Statistics (BLS) showed some inflation, but was about in line with...
by Beth McGuire | Aug 7, 2025 | Industry News, Latest News, National, News |
The average 30-year fixed mortgage rate dropped nine basis points since last week, its lowest level since April. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the 30-year fixed-rate mortgage (FRM) averaged 6.63% this...
by | Jul 31, 2025 | Industry News, Latest News, National, News |
Mortgage rates remain elevated as the economy and housing market see continued challenges, according to Freddie Mac’s latest Primary Mortgage Market Survey®. The 30-year fixed rate mortgage (FRM) averaged 6.72% this week, down very slightly from the 6.74% reported...