by Beth McGuire | Mar 7, 2024 | Industry News, Latest News, National, News |
Mortgage rates dipped slightly this week edging down from last week’s average of 6.94%, to 6.88% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.88% as of...
by Beth McGuire | Mar 6, 2024 | Industry News, Latest News, News, Premier |
Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal...
by | Mar 6, 2024 | Industry News, Latest News, National, News |
According to the National Association of Home Builders’ (NAHB) Home Building Geography Index (HGBI), quarter 4 of 2023 showed signs of single-family home construction picking up. This “stirring” is attributed to “moderating” mortgage rates (i.e. demand is picking up)...
by | Mar 6, 2024 | Industry News, Latest News, National, News |
2023’s housing market ended with a whimper. There were just over four million existing home sales nationwide last year, the fewest since 1995. Elevated mortgage rates and high home prices forced some prospective buyers to exit the market. However, a lack of inventory...
by | Mar 1, 2024 | Agents, Brokers, 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. -Rocket, the largest lender in the country by most metrics, is shuttering Rocket Pro Originate, a platform for...