by | May 9, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) decreased to 7.09% from 7.22% last week, the first decrease seen since they began rising five weeks ago in March, according to the latest Primary Mortgage Market Survey® from Freddie Mac. This week’s numbers: The 30-year FRM...
by | May 8, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications increased 2.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan...
by | May 7, 2024 | Agents, Brokers, Industry News, Latest News, National, News |
The National Association of REALTORS®’ Chief Economist Lawrence Yun forecasted that interest rates will fall in the long term, 2024 existing-home sales will rise to 4.46 million (up 9% from 4.09 million in 2023) and 2025 existing-home sales will increase to 5.05...
by | May 3, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -As economic signs remain stagnant or begin to worsen, the Fed decided once again to keep interest rates steady at the...
by | May 1, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the federal funds target range untouched at...