by Beth McGuire | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the...
by Beth McGuire | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end of the year, experts noted. The 30-year fixed-rate mortgage averaged 6.79% this week, up from the previous week’s average of 6.72%, according to the latest...
by | Nov 6, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications continued their rapid decline for the fifth straight week, with pressure from rising mortgage rates continuing to plague homebuyers and keep them out of the market. Applications decreased 10.8% from one week earlier, according to the MBA’s Weekly...
by | Oct 31, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Reaching a three-month high and their fifth-consecutive week of increases, the average 30-year fixed rate mortgage climbed to 6.72%, up from last week’s average of 6.54%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released...
by | Oct 24, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage rates are still ticking up, thanks to strong economic data including good jobs reports and stubborn core inflation, economists say, noting that rates are still expected to come down in the months ahead as data falls more in line with expectations. This week,...