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...
Economy
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....
MBA Reports Fifth Straight Week of Decline in Mortgage Applications
Mortgage applications continued their rapid decline for the fifth straight week, with pressure from rising mortgage rates continuing to plague...
Mortgage Mix: DOJ Sues Rocket Mortgage; GSEs Report Q3 Earnings
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...
Employment Report Comes in Flat, Adding to Economic Worries
With only days before the presidential election and with inflation on track to fully normalize, all eyes have been on...
Mortgage Rates Increase for the Fifth Consecutive Week, Reaching 3-Month High
Reaching a three-month high and their fifth-consecutive week of increases, the average 30-year fixed rate mortgage climbed to 6.72%, up...
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