by | May 6, 2024 | Industry News, Latest News, National, News, Premier |
As the economy waivers recently—with mortgage rates back up above 7%, the most recent PCE report demonstrating a rise in inflation and no respite in the interest rates from the Fed yet—there’s been a lot of uncertainty surrounding the mortgage market. This...
by | May 3, 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. -As economic signs remain stagnant or begin to worsen, the Fed decided once again to keep interest rates steady at the...
by | May 2, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 7.22% this week, rising for the fifth-consecutive week and up from last week’s 7.17%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year...
by | May 1, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the federal funds target range untouched at...
by | Apr 30, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumers have been feeling the waves of unrest in the economy, with mortgage rates now back up above 7% and the PCE index—the Fed’s favorite measure of inflation—up by 2.8% year-over-year. Consumer confidence fell significantly in April, dropping from 103.1 in March...