by | May 23, 2024 | Economy, Industry News, Latest News, National, News |
The latest research from the Fannie Mae Economic and Strategic Research (ESR) Group suggests that earlier projections for lower mortgage rates in late 2024 will not pan out. The ESR Group forecasts overall economic growth to slow and mortgage rates to end the year...
by Beth McGuire | May 22, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Thanks to the recent declines in average mortgage rates of late, mortgage application activity has seen a small but steady increase for the third-straight week. This week, applications are up 1.9% from last week’s slight uptick of 0.5%, according to the latest Weekly...
by Beth McGuire | May 21, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That’s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE...
by | May 17, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI) for the U.S. decreased 0.6% in April to 101.8, after decreasing 0.3% in March. Over the six-month period between October 2023 and April 2024, the LEI contracted 1.9%—a smaller decrease than its 3.5% decline over the...
by Beth McGuire | May 16, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 7.02% this week, down for the second week in a row from last week’s 7.09%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged...