by Liz Ruggiero | Jun 15, 2023 | Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 6.69%, down from 6.71% the previous week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This is the second week in a row of declines. This week’s numbers: 30-year...
by Aidan Whalen | Jun 14, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
It’s been a long time coming, but folks—and the economy—can take a cautious sigh of relief as the Federal Reserve has snapped the interest-rate hiking streak it’s been on for more than a year. In arguably the most anticipated announcement since embarking...
by Aidan Whalen | Jun 14, 2023 | Industry News, Latest News, National, News, Premier |
After four weeks of declines, mortgage applications increased 7.2% from last week’s dip of 1.4%, according to the latest Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) Weekly for the week ending June 9, 2023. The Market Composite Index, a...
by Liz Ruggiero | Jun 8, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
After three weeks of hikes, mortgage rates did an about-face this week. According to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 6.71% this week, down from 6.79% the previous week. This week’s...
by Aidan Whalen | Jun 7, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
A late run-up in mortgage rates and an ugly standoff in Washington D.C. appear to have spooked the real estate industry as RISMedia’s Broker Confidence Index (BCI) skidded in May, falling to its lowest reading of the year. As mortgage rates simultaneously reached a...