by Beth McGuire | May 15, 2025 | Industry News, Latest News, National, News |
Mortgage rates ticked up this week but economists are also pointing to some positive news for housing this week: Purchase application activity is up nearly 20% over last year and for-sale inventory has reached its highest level in over five years–but affordability...
by | May 13, 2025 | Economy, Industry News, Latest News, National, News, Premier |
Economic observers’ eyes remain on the rate of inflation, as the latest Consumer Price Index (CPI) from the Bureau of Labor Statistics shows mixed changes. The CPI, one of the main measures of inflation, rose monthly at a seasonally adjusted basis of 0.2% during...
by Beth McGuire | May 8, 2025 | Industry News, Latest News |
Zero movement on mortgage rates this week, but the continued steadiness of the average rate remaining in the mid-sixes for many weeks is having a positive impact on mortgage applications, economists say. According to the latest Primary Mortgage Market Survey® (PMMS®)...
by | May 7, 2025 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Rarely has a Federal Reserve meeting been as anticipated as the one that took place May 7, because this one likely had the eyes and ears of President Donald Trump watching and listening closely. With Fed Chair Jerome Powell under intense scrutiny from Trump, who has...
by Beth McGuire | May 1, 2025 | Industry News, Latest News, Premier |
Stubbornly elevated but steady is how economists are positioning average mortgage rates over the last several weeks, ticking up and down in the high sixes range but remaining below 7%, a threshold that seems to keep homebuying activity moving, albeit slowly. According...