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%...
by | Oct 8, 2024 | Industry News, Latest News, National, News, Premier |
Is it possible we see a surge in home listings this winter? According to different sources, the possibility is very real. In at least two different locales, some agents have visceral expectations that this winter season will be far more active than usual. The pending...
by Beth McGuire | Oct 3, 2024 | Industry News, Latest News, National, News, Premier |
Economists cite global affairs and short-term bounces in rates following the Fed’s recent big interest rate cut as reasons for this week’s uptick in mortgage rates, but maintain that bigger-picture shifts like slowing price growth and increased inventory point to a...