by Beth McGuire | Feb 6, 2025 | Industry News, Latest News, National, News |
While mortgage rates have remained elevated in recent weeks, it appears the recent potentially market-shifting events such as the announcement then pause of tariffs, have had little to no effect on them. This week they continued to edge down from last week’s 6.95%...
by | Jan 31, 2025 | Economy, Industry News, Latest News, National, News, Premier |
The Federal Reserve declined to cut interest rates any further at its latest meeting—and the Fed’s preferred inflation metric now shows that the goal of 2% annual inflation remains elusive. In the latest monthly Personal Consumption Expenditures (PCE) report compiled...
by Beth McGuire | Jan 30, 2025 | Industry News, Latest News, National, News, Premier |
Mortgage rates inched lower this week, still hovering below 7% but showing little change since earlier this month. The latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday shows the 30-year fixed-rate mortgage (FRM) averaging 6.95%, down...
by | Jan 29, 2025 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Above, Jerome Powell At the Federal Reserve’s first 2025 press conference January 29, following a two-day meeting, Fed Chair Jerome Powell announced that there would not be an immediate rate cut. The action, or inaction, which was unanimously agreed upon by the...
by | Jan 23, 2025 | Economy, Industry News, Latest News, National, News, Premier |
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week of 7.04% down to 6.96% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “After...