by | Aug 8, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) dropped drastically to the lowest level seen in over a year, from last week’s average of 6.73% to a current average of 6.47%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This...
by | Aug 7, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Corporate quarterly reports, unless they include dramatic swings in earnings, are often same-old, same-old. However, when the industry is in a state of flux, as is the case with residential real estate, often the comments made by the leading executives are more...
by | Aug 7, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications increased 6.9% from one week earlier, reaching the highest volume seen since January of this year, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. This week’s data:...
by | Aug 6, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
With a Federal Reserve rate cut on the tongues of every industry economist, the mortgage market is readying itself for a boom in refinancing. United Wholesale Mortgage is at the forefront of the charge, as executives expressed in their Q2 2024 earnings call on...
by Beth McGuire | Aug 1, 2024 | Industry News, Latest News, National, News, Premier |
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage...