by | Sep 27, 2024 | Economy, Industry News, Latest News, National, News, Premier |
According to the latest Personal Consumption Expenditures (PCE) Price Index (one of the economy’s key inflation gauges), prices increased 2.2% in August compared to the prior year. Minus more volatile prices such as food and energy, prices increased 2.7%....
by Beth McGuire | Sep 26, 2024 | Industry News, Latest News, National, News, Premier |
While mortgage rates barely registered a dip this week, it was enough for economists to report they’ve reached their lowest point in two years, helping to keep refinance activity buzzing along in recent weeks as well. According to the latest Primary Mortgage Market...
by | Sep 20, 2024 | Industry News, Latest News, National, News, Premier |
A lack of building coupled with rising prices and interest rates that are falling at a tapered pace are the main drivers of the persisting housing affordability crisis, according to researcher Daniel T. McCue, who carried out the analysis for a recent Harvard...
by Beth McGuire | Sep 19, 2024 | Industry News, Latest News, National, News, Premier |
More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday. The 30-year fixed-rate mortgage (FRM) averaged 6.09% this...
by Beth McGuire | Sep 18, 2024 | Industry News, Latest News, National, News, Premier |
The Federal Reserve (Fed) has turned expectations into a reality, making its first interest rate cuts since the start of the pandemic. Against the backdrop of a cooling job market and cooling inflation, all Fed officials opted to lower the federal funds rates by half...