by | Oct 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage rates reversed course from their consistent decreases as of late, possibly due to a stronger than expected September Jobs report, seeing a surge that hasn’t been seen since this past April. The 30-year fixed-rate mortgage (FRM) grew from last week’s average...
by | Oct 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Inflation continues to spiral downward toward the Federal Reserve’s goal of 2%, pointing to further interest rate cuts in the coming months and other positive signs for the housing market. The Consumer Price Index (CPI)—one of the main measures for inflation—rose 2.4%...
by Beth McGuire | Oct 9, 2024 | Industry News, Latest News, National, News, Premier |
Applications for home purchases dipped again this week following mortgage rates moving higher, according to the Mortgage Bankers Association’s (MBA) latest Weekly Applications Survey for the week ending October 4, 2024. MBA reported that mortgage applications...
by Beth McGuire | Oct 3, 2024 | Industry News, Latest News, National, News, Premier |
Economists cite global affairs and short-term bounces in rates following the Fed’s recent big interest rate cut as reasons for this week’s uptick in mortgage rates, but maintain that bigger-picture shifts like slowing price growth and increased inventory point to a...
by Beth McGuire | Oct 2, 2024 | Industry News, Latest News, National, News |
After four straight weeks of increases, home purchase applications registered a slight decline this week, but economists note that overall activity remains much higher than this time last year. According to the latest Weekly Applications Survey from the Mortgage...