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,...
Economy
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....
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...
Red (Flag) Alert! Guiding Buyers After Discovering a Property’s Problems
In most states, homesellers are legally required to disclose any known material defects or issues with the property. But that can be a slippery slope, with iffy problems that might have been masked. Read more.
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