Mortgage Rates Continue Historic Rise
The 30-year fixed-rate mortgage (FRM) increased from last week’s average of 7.63% to an average of 7.79% this week, according...
Economy
Leading Economic Indicators Fall Again
The Leading Economic Index (LEI) fell 0.7% in August to 104.6, marking a year and a half of consistent declines,...
Interest Rates Will Continue to Weigh on Economy, says Fannie Mae
The rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth, according...
Inflation Stays High; NAR Chief Economist Cites Rising Rents as Catalyst
Inflation remained high in September after picking up over the summer as gains in rent and other services offset another...
Mortgage Mix: Mortgage Market Challenges Persist
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....
Latest Inflation Data Beats Expectations; Consumers Still Spending
While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism...
NAR Outlines What a Government Shutdown Would Mean for the Real Estate Economy
If Congress is unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government by...
Mortgage Applications Decrease Following More Rate Hikes
The increase in mortgage applications last week was short-lived, as purchase applications fell this week, down 1.3% from one week...
Consumer Confidence Sees Another Dip in September
Consumer confidence fell for the second month in a row, from 108.7 in August to 103 in September, according to...
Leading Economic Indicators Continue to Trend Down
The Leading Economic Index (LEI) fell 0.4% in August to 105.4, continuing the recent downward trend, according to the latest...
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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