by Beth McGuire | Sep 25, 2024 | Industry News, Latest News, National, News |
Home purchase application activity continued to increase this week in the wake of the Fed’s milestone 50-basis point rate cut last week. The latest Weekly Applications Survey the Mortgage Bankers Association’s (MBA) for the week ending September 20, 2024 shows...
by | Sep 19, 2024 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD). OceanFirst...
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...