by | Aug 5, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Tech, Technology |
As the mortgage industry continues to see signs—lowering mortgage rates and worsening applications—that point to the strong possibility of a Federal Reserve interest rate cut this fall, lenders continue to fight through challenges and work to profit. Rocket Companies...
by | Aug 2, 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. – The Federal Reserve announced that they are continuing to keep rates steady and are again making no changes at...
by | Aug 2, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The U.S. added 114,000 jobs in July, below the average monthly gain of 215,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics. Markets reacted negatively to the news, with all three domestic indices down over 2% at around...
by Beth McGuire | Aug 1, 2024 | Industry News, Latest News, National, News, Premier |
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage...
by | Aug 1, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy is slowing. Rates currently remain at an unchanged figure between 5.25% and 5.5%, with Fed Chair Jerome Powell...