Mortgage Rates Dip for Second Straight Week
The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.88% to an average of...
Economy
Prices Ticked Up in February Overall, Justifying Fed’s Caution on Lowering Rates
The Consumer Price Index (CPI) increased 0.4% in February on a seasonally adjusted basis, after rising 0.3% in January, the...
Mortgage Mix: First-Time Homebuyers Make Headway as Mortgage Market Shifts
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon....
Mortgage Applications Begin to Thaw for Spring
Mortgage applications increased 9.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications...
Mortgage Rates Continue to Edge Near 7%
The 30-year fixed-rate mortgage (FRM) increased slightly this week, from last week’s average of 6.9% to an average of 6.94%...
Inflation Data Raises Hope for Rate Cuts Despite ‘Wonky’ Blip
No news appears to be good news as far as inflation data goes, with investors celebrating as the Federal Reserve’s...
Mortgage Applications Continue to Slump
Mortgage applications decreased 5.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications...
ICE First Look: January Mortgage Delinquencies Drop to Lowest Level Since October
Good news for homeowners: Mortgage delinquencies are on the decline, dropping to their lowest point since October 2023, according to...
Mortgage Rates Near 7%
Nearing a return to 7% territory, the 30-year-fixed-rate mortgage continued its ascent this week, up to 6.9% from last week’s...
Leading Index: ‘No Recession in 2024’
The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.4% in January 2024 to 102.7, following a...
Factors That Suggest a Buyer’s Market (and Ones That Don’t)
A market favorable to buyers doesn’t mean buyers will take advantage of it, or that every facet of the market is tilted heavily toward homebuyers. Read more.
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