by | Sep 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The Leading Economic Index (LEI) fell 0.4% in August to 105.4, continuing the recent downward trend, according to the latest release from The Conference Board. August’s LEI is down 3.8% over the six-month period between February and August 2023—little changed from its...
by | Sep 20, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving the federal funds rate as is even as the economy—and specifically, a very vulnerable housing market—shows signs of weakness. But the central bank...
by Beth McGuire | Sep 14, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 7.18% this week, back to where it was two weeks ago after a dip to 7.12% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: 30-year...
by Beth McGuire | Sep 13, 2023 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications decreased 0.8% from one week earlier, when it decreased 2.9%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 8, 2023. This week’s results included an...
by | Sep 13, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
For the second month in a row, inflation is up, as the last Consumer Price Index (CPI) report before the Federal Reserve’s September meeting could drive further rate increases—though exactly when those might happen is extremely uncertain. Overall CPI inflation came in...