Mortgage Applications Increase for Second Straight Week
While remaining elevated, mortgage rates have been leveling off in recent weeks, evidenced by a slight uptick in home purchase ...
Tag: Real Estate Economics
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 ...
Mortgage Rates Stall Following Elections Results and Fed Rate Cut
After six straight weeks of increases, mortgage rates leveled off this week, rounding out a host of recent market-moving events ...
Rocket Mortgage Continues to Power Through 2024
As the mortgage industry continues to see some mixed signs—rates rising and falling, applications decreasing and so on—Rocket Companies continues ...
Mortgage Applications Increase After Five Weeks of Downturns
After several weeks of decreases, mortgage applications bumped up this week, increasing 0.5% from last week’s somewhat notable decrease of ...
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. ...
Mortgage Rates Move Up for Sixth Straight Week
Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end ...
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 ...
Key Inflation Rate Hits 2.1% in September, Closing in on Fed Target
Inflation rose slightly in September, according to a U.S. Bureau of Economic Analysis report released October 31. The Personal Consumption ...
Mortgage Rates Increase for the Fifth Consecutive Week, Reaching 3-Month High
Reaching a three-month high and their fifth-consecutive week of increases, the average 30-year fixed rate mortgage climbed to 6.72%, up ...
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.
Business Tip of the Day provided by
