by Beth McGuire | Jan 11, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year-fixed-rate mortgage changed little this week, averaging 6.66%, a slight increase from last week’s average of 6.62%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This week’s numbers: The 30-year FRM averaged 6.66...
by | Jan 11, 2024 | Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Interest rates will remain high for “some time,” according to recent comments made by New York Federal Reserve President John Williams. “I expect that we will need to maintain a restrictive stance of policy for some time to fully achieve our goals,” said Williams. “It...
by | Jan 10, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a two-week period of decreases over the recent holiday season, mortgage applications increased 9.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 5, 2024. This...
by | Jan 3, 2024 | Industry News, Latest News, National, News, Premier |
2023 has come to the end with a positive outlook. The Fed paused rates for two consecutive months, unemployment is low, GDP growth has been on the up, mortgage rates have been going down, and so on. The question on everyone’s minds is: will this positive trend...
by | Dec 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage continued its fall below 7% this week, averaging 6.67% this week, down from the previous week’s dip to 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The...