Potential Rate Cut in September Still in Play After June Inflation Report
The personal consumption expenditures price index (PCE) increased 0.1% in June (slightly up from May’s 0% monthly change) and was ...
Tag: Inflation
Consumer Sentiment Continues to Fall for Fifth Straight Month
Consumers continued to keep their economic hopes in check in July, as sentiment readings continue to slowly decrease. Consumer sentiment ...
Mortgage Rates Flat This Week, but Not a Bad Sign
The 30-year fixed-rate mortgage (FRM) flattened this week, from last week’s average of 6.77% to a current average of 6.78%, ...
NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025
Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National ...
Mortgage Rates Continue to Fall as Other Economic Factors Cool
The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.89% to an average of ...
Economic Index Fell Slightly in June; Year-Over-Year Growth More Positive
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in ...
Fed Chair Powell: We Don’t Have to Wait for 2% Inflation to Drop Rates
In a surprising statement made during a speaking engagement at the Economic Club of Washington D.C. on July 15, Federal ...
Mortgage Mix: Powell Grilled on Inflation; Rates Once Again Back Below 7%
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. ...
Report: Share of Homeowners With Sub 5% Mortgage Rate Shrinks Significantly
The mortgage market has been going through a gradual change as it adjusts to higher-for-longer interest rates. With this shift, ...
Biden Lauds CPI’s June Inflation Data; Lower Rates May Be on the Way
Mortgage rates may finally start to begin a steady lower trajectory nationally following encouraging news on inflation. The Consumer Price ...
6 Musts to Share With Buyers About Why You Rule Over AI
“AI can summarize what has been published about a property,” says one real estate professional. “The trouble is that some of the most important information has not been published, is no longer current or cannot be understood without seeing the home.” Read more.
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