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 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term, fell by 0.2% in August to 100.2, following a decline of 0.6% in...
by Beth McGuire | Sep 18, 2024 | Industry News, Latest News, National, News, Premier |
Ahead of today’s highly anticipated rate cut by the Federal Reserve, applications for home purchases saw a significant increase last week, their fourth straight week of increases. The Mortgage Bankers Association’s (MBA) reported that home purchase applications...
by | Sep 17, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
The decline of mortgage rates to their lowest level in 19 months has instilled new confidence in homebuilders in September, according to the latest National Association of Home Builders (NAHB) data. The NAHB/Wells Fargo Housing Market Index (HMI) for September...