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...
by | Apr 26, 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. –Rates continue to push above 7%, according to the latest data from Freddie Mac, as new inflation data and...
by | Apr 25, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After exceeding 7% last week, the 30-year fixed-rate mortgage (FRM) continued to rise, this week averaging 7.17%, up from last week’s average of 7.10%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s...
by | Apr 24, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending April 19, 2024. This week’s numbers:...
by | Apr 23, 2024 | Industry News, Latest News, National, News, Premier |
As mortgage rates rose back up to the 7% range last week and home prices remain elevated, market signs don’t necessarily point to significant improvement anytime soon. Despite the challenges, however, new-home sales continue to fight through—posting a strong rise in...