by | May 29, 2024 | Economy, Industry News, Latest News, National, News, Premier |
As rates jumped back up above 7% last week, mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2024. This week’s data: The Market...
by Beth McGuire | May 23, 2024 | Industry News, Latest News, National, News, Premier |
Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data showed the 30-year fixed-rate mortgage (FRM) averaging 6.94% this week, down from 7.02% last week and marking its third-straight week of...
by | May 23, 2024 | Economy, Industry News, Latest News, National, News |
The latest research from the Fannie Mae Economic and Strategic Research (ESR) Group suggests that earlier projections for lower mortgage rates in late 2024 will not pan out. The ESR Group forecasts overall economic growth to slow and mortgage rates to end the year...
by Beth McGuire | May 22, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Thanks to the recent declines in average mortgage rates of late, mortgage application activity has seen a small but steady increase for the third-straight week. This week, applications are up 1.9% from last week’s slight uptick of 0.5%, according to the latest Weekly...
by Beth McGuire | May 21, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That’s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE...