by Beth McGuire | Jan 29, 2025 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
Mortgage industry experts pointed to a drop in refinance activity as the overall driver of home purchase applications decreasing this week, although it was only slightly and also indicative of persistently elevated mortgage rates hovering near 7%. According to the...
by | Jan 28, 2025 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer confidence continued to slide down in January, according to data from The Conference Board, however, experts feel the downtrend is not outside of the range it’s been in the past few years. “Consumer confidence has been moving sideways in a relatively stable,...
by | Jan 24, 2025 | Industry News, Latest News, National, News |
The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them at or near their lowest level since 1995, according to the January 2025 commentary...
by | Jan 23, 2025 | Economy, Industry News, Latest News, National, News, Premier |
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week of 7.04% down to 6.96% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “After...
by | Jan 22, 2025 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, posted a 0.1% decline for the month of December, reversing course from a 0.4% rise in...