by | Oct 23, 2024 | Industry News, Latest News, National, News, Premier |
Mortgage applications continued their fall for the fourth straight week, due to fluctuating mortgage rates and apprehensive homebuyers, according to the latest data from the Mortgage Bankers Association. Applications decreased 6.7% from one week earlier, according to...
by | Oct 18, 2024 | Economy, Industry News, Latest News, National, News |
The economy is looking stronger than what was previously predicted, due to signs like stronger payroll growth and revisions in national accounts, according to the October 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. While the ESR...
by Beth McGuire | Oct 17, 2024 | Industry News, Latest News, National, News, Premier |
Economists may see the ongoing steady job growth and strength of the economy as the backdrop for the recent, sharp reversal in mortgage rate decreases, but data shows homebuyers are holding out for lower rates just the same. The 30-year-fixed-rate mortgage averaged...
by | Oct 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage rates reversed course from their consistent decreases as of late, possibly due to a stronger than expected September Jobs report, seeing a surge that hasn’t been seen since this past April. The 30-year fixed-rate mortgage (FRM) grew from last week’s average...
by | Oct 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Inflation continues to spiral downward toward the Federal Reserve’s goal of 2%, pointing to further interest rate cuts in the coming months and other positive signs for the housing market. The Consumer Price Index (CPI)—one of the main measures for inflation—rose 2.4%...