As Treasury Yields Decline, Mortgage Rates Move Down
The 30-year fixed-rate mortgage (FRM) saw its second week of declines, this week averaging 7.5%, down from 7.76% last week, ...
Tag: Real Estate Economics
Mortgage Applications Increase Following Pause in Rate Hikes
After three weeks of decreases, mortgage applications turned around this week, increasing 2.5% from one week earlier, according to the ...
Rocket’s Revenue Exceeds Expectations Again in Q3
Rocket Companies’ revenue exceeded all Q2 predictions, overcoming the mortgage and housing market challenges, as reported in their Q3 2023 ...
Job Growth Cools With U.S. Economy Adding 150,000 Jobs in October
Total nonfarm payroll growth increased by 150,000 in October, and the unemployment rate changed little, increasing 3.9% over last month’s ...
The Fed Keeps Rates Unchanged
Interest rates will not see a hike, nor any decrease, this week, according to the latest press conference from the ...
Mortgage Applications on Third Straight Week of Declines
Hitting their third week of declines, mortgage applications decreased another 2.1% from the previous week’s slight 0.1% dip, according to ...
Consumer Confidence Continues Decline in October
Consumer confidence fell for the third month in a row, although at a smaller rate, from 104.3 in September to ...
Mortgage Mix: Rates Rise as 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. ...
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, ...
Mortgage Applications Hit 28-Year Low
After a brief bump last week thanks to ARM rates decreasing, home purchase applications decreased 6.9% from one week earlier, ...
Condo or House? Helping Clients Decide Which Makes More Sense
With home prices still elevated in much of the country, condos have become more realistic for buyers determined to exit the rental train. Read more.
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