by Beth McGuire | Nov 13, 2024 | Industry News, Latest News, National, News, Premier |
After several weeks of decreases, mortgage applications bumped up this week, increasing 0.5% from last week’s somewhat notable decrease of 10.8%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week...
by Beth McGuire | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the...
by Beth McGuire | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end of the year, experts noted. The 30-year fixed-rate mortgage averaged 6.79% this week, up from the previous week’s average of 6.72%, according to the latest...
by Beth McGuire | Nov 7, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
As Trump’s victory over Democratic candidate Vice President Kamala Harris became apparent on Wednesday, bond markets reacted sharply. The benchmark 10-year Treasury yield jumped to 4.479%, its highest level since July, according to news reports. Mortgage rates...
by | Nov 6, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications continued their rapid decline for the fifth straight week, with pressure from rising mortgage rates continuing to plague homebuyers and keep them out of the market. Applications decreased 10.8% from one week earlier, according to the MBA’s Weekly...