Consumer Confidence Retreats in April
Consumers have been feeling the waves of unrest in the economy, with mortgage rates now back up above 7% and...
Economy
With New Inflation Data Glum, Lower Mortgage Rates May Have to Wait
Hopes for lower mortgage rates soon were tempered Friday as inflation showed little signs of easing in March, with a...
MORTGAGE MIX: Top Loan Officers Indicted for Fraud; Fed Highlights Financial Concerns
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 Rates Still Going Up
After exceeding 7% last week, the 30-year fixed-rate mortgage (FRM) continued to rise, this week averaging 7.17%, up from last...
Mortgage Applications Down in High-Rate Environment
After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the...
Leading Economic Indicators Fall Slightly in March
The Leading Economic Index (LEI) fell 0.3% in March to 102.4, a reverse from February’s slight increase, according to the...
New-Home Mortgage Applications Jump in March Despite Fewer Sales, MBA Reports
In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid...
Mortgage Rates Exceed 7% for First Time This Year
Marking a third straight week of increases and moving over 7% for the first time this year, the 30-year fixed-rate...
Fed Chair Signals No Rate Cuts in May on Heels of Latest Inflation Data
Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting...
Consumer Sentiment Continues to Fall in April
While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in April. The...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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