by | May 31, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a similar gain in March. It’s not a wholly positive sign for those hoping that the U.S. central bank will cut interest rates soon, as...
by Beth McGuire | May 30, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After three weeks of declines and a dip below 7%, the 30-year fixed rate mortgage average ticked back up this week to 7.03%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM...
by | May 29, 2024 | Economy, Industry News, Latest News, National, News, Premier |
As rates jumped back up above 7% last week, mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2024. This week’s data: The Market...
by | May 28, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumers are experiencing conflicting feelings about the economy as differing reports come in from The Conference Board and University of Michigan, with a more positive assessment of the current business climate clashing with renewed worries about inflation....
by Beth McGuire | May 23, 2024 | Industry News, Latest News, National, News, Premier |
Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data showed the 30-year fixed-rate mortgage (FRM) averaging 6.94% this week, down from 7.02% last week and marking its third-straight week of...