Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut
As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is ...
Tag: Real Estate Economics
Mortgage Applications Decrease This Week
While mortgage rates still hovering in the mid-sixes fluctuated little this past week, mortgage applications decreased 7.2% from one week ...
Consumer Confidence Hits Two-Year High
Consumer confidence increased 6.8 points to 114.8 in January, the third consecutive month of increases and the highest reading seen ...
Inflation Numbers Show Progress; Lower Mortgage Rates Possible Soon
The personal consumer expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, increased 0.2% in December, according to ...
Builder Sentiment Rises as Mortgage Rates Fall
As mortgage rates have remained below 7% for several weeks, builder sentiment continues its growth, according to new data from ...
Fed Governor Offers Optimistic View of Rate Cuts, Economy in 2024
In a speech sponsored by the think tank Brookings Institution, Federal Reserve Governor Chris Waller said he feels more confident ...
Mortgage Mix: Another Cybersecurity Attack Strikes the Mortgage Industry
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 Continue to Hover in the Mid-Six Percent Range
The 30-year-fixed-rate mortgage changed little this week, averaging 6.66%, a slight increase from last week’s average of 6.62%, according to ...
Interest Rates Will Remain Elevated, According to NY Fed President
Interest rates will remain high for “some time,” according to recent comments made by New York Federal Reserve President John ...
Mortgage Applications See Improvement This Week
After a two-week period of decreases over the recent holiday season, mortgage applications increased 9.9% from one week earlier, according ...
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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