Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based...
Economy
Rocket Companies CFO Sees Bright Spots in 2025 Housing Market Despite Mortgage Rate Pressures
Rising inventory levels and changing buyer demographics are boosting optimism for the housing market in 2025 even as affordability headwinds...
Mortgage Rates Continue to Drop
With mortgage rates continuing their descent in recent weeks, borrowers who faced rates topping out at over 8% last year,...
Mortgage Applications Increase for Fifth Straight Week
With mortgage rates hitting six-week lows this past week, home-purchase applications saw their fifth-straight week of increases, driven primarily by...
Inflation Up Again, According to December Consumer Price Index
After a year of inflation coming down, the last stretch of 2024 has seen a reverse course, per the latest...
November Sees 227,000 New Jobs; Unemployment Stays Flat at 4.2%
Total nonfarm payroll employment rose by 227,000 in November—higher than expectations—and the unemployment rate changed little at 4.2%, the U.S....
Manufacturing Weakness Slows Economy, According to Leading Index
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in...
Mortgage Mix: Rates Level Off; Mr. Cooper Class-Action Dismissed
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday...
Fed Chair Jerome Powell Is Optimistic About the Economy, Unsure of Third Rate Cut This Year
“Will the Fed cut interest rates?” That’s a question on everyone’s mind whenever Federal Reserve Chair Jerome Powell speaks publicly—including...
Annual Inflation Increases for First Time in Seven Months
The latest Consumer Price Index (CPI) reading from the Bureau of Labor Statistics holds eye-catching news: annual inflation is up....
Safe at Home: Holiday Tips That Keep Risks and Hazards to a Minimum
Getting back in touch through emails or notes can provide a subtle reminder that you want to stay connected, as well as providing useful information. Instead of sending a generic Happy Holidays card, why not add helpful holiday safety tips? Read more.
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