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 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 Beth McGuire | Sep 12, 2024 | Industry News, Latest News, National, News, Premier |
Good news for those hoping for more decreases in mortgage rates this week, however the same challenges persist regarding affordability and inventory, preventing a meaningful break in the hindered housing market. The 30-year fixed rate mortgage averaged 6.20% this...
by Beth McGuire | Sep 11, 2024 | Industry News, Latest News, National, News, Premier |
Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s...
by | Aug 30, 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. – A Federal Reserve interest rate cut is looking more and more imminent with this month’s Personal...