Inflation Unchanged in May; Neutral News for Potential Fed Rate Cut
The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, was unchanged in ...
Tag: Real Estate Economics
CFPB’s Inquiry Into Mortgage ‘Junk Fees’ Earns Mixed Reaction From Lenders
Rising closing costs are adding to homebuyers’ affordability woes, putting their dream of homeownership even further out of reach. In ...
May Sees a Stronger Jobs Report; Pros Give Mixed Reviews
The U.S. added 272,000 jobs to the market in May, higher than the average monthly gain of 232,000 over the ...
Mortgage Rates Pull Back Again
Mortgage rates pulled back again after creeping up over 7% last week, ticking down to just under, averaging 6.99% this ...
Mortgage Applications Continue to Fall as Rates Rise
Mortgage applications continued their downward trend from last week, decreasing 5.2% from one week earlier, according to data from the ...
Mortgage Mix: Mortgage Rates Rise; CFPB Launches ‘Junk Fee’ Inquiry
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. ...
Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait
The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a ...
Mortgage Rates Move Up After Weeks of Dips
After three weeks of declines and a dip below 7%, the 30-year fixed rate mortgage average ticked back up this ...
Mortgage Applications Fall in Response to Rate Uptick
As rates jumped back up above 7% last week, mortgage applications decreased 5.7% from one week earlier, according to data ...
Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low
Consumers are experiencing conflicting feelings about the economy as differing reports come in from The Conference Board and University of ...
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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