by | Dec 18, 2024 | Industry News, Latest News, National, News |
At the end of last year, forecasters were bullish on the 2024 housing market. The Fed was going to cut interest rates and mortgage rates were going to fall fast. Buyers who had been waiting on the sidelines were going to be out in full force. The housing market would...
by | Dec 12, 2024 | Economy, Industry News, Latest News, National, News, Premier |
With mortgage rates continuing their descent in recent weeks, borrowers who faced rates topping out at over 8% last year, drove a surge in refinance applications this past week; we may also see further refi activity ahead, as rates continued their decline this week. ...
by | Dec 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a year of inflation coming down, the last stretch of 2024 has seen a reverse course, per the latest Consumer Price Index (CPI). The CPI, updated every month by the U.S. Bureau of Labor Statistics, measures changes to the costs consumers are facing and gauges...
by Beth McGuire | Dec 5, 2024 | Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 6.69% this week, down from last week’s average of 6.81% and falling to its lowest level in over a month, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “Despite just a...
by | Dec 4, 2024 | Industry News, Latest News, National, News, Premier |
With a new year comes the hope of a brighter tomorrow—should the real estate industry be pining for a bright 2025? Bright MLS has published a forecast projecting that the answer is very different depending on which housing market you’re observing. RISMedia also spoke...