Mortgage Rates See First Reprieve in 5 Weeks
The 30-year fixed-rate mortgage (FRM) decreased to 7.09% from 7.22% last week, the first decrease seen since they began rising ...
Tag: Real Estate Economics
Mortgage Applications Up After Three Weeks of Downs
Mortgage applications increased 2.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications ...
Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024
As the economy waivers recently—with mortgage rates back up above 7%, the most recent PCE report demonstrating a rise in ...
Mortgage Mix: No Changes From the Fed as Mortgage Rates Worsen
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 Increase for Fifth-Straight Week
The 30-year fixed-rate mortgage (FRM) averaged 7.22% this week, rising for the fifth-consecutive week and up from last week’s 7.17%, ...
Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation ...
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 ...
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 ...
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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