Big Job Gains in December; Unemployment Rate Unchanged
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1%, the U.S. Bureau...
Economy
Fed Predicts Inflation Will Fall, but Slower Than Anticipated in 2025
The Federal Reserve (Fed) has predicted that inflation will continue to slow in 2025, albeit at a slower pace than...
Mortgage Mix: Lawsuit Between Luminate Home Loans and Better Home & Finance Evolves
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...
Consumer Sentiment Rises for Fifth Straight Month in December
The University of Michigan’s consumer sentiment index improved for the fifth consecutive month in December, rising about 3% to its...
Key Inflation Rate Hits 2.4% in November, Near 2% Fed Target
Inflation rose slightly in November, according to a U.S. Bureau of Economic Analysis report released December 20, as a recent...
Leading Index Reverses Course, Up for the First Time Since February
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where...
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...
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...
7 Potential Under-the-Radar Issues That Could Derail a Deal
When clients buy a home, under-the-radar issues often involve factors beyond cosmetic appeal, which can lead to significant financial and legal problems down the line. Read more.
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