Mortgage Rates May Well Rise Again, Fed Chair Powell Warns
At an International Monetary Fund research conference held Nov. 9 in Washington, D.C., Federal Reserve Chair Jerome Powell warned that...
Economy
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...
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...
Consumer Sentiment Takes Large Tumble in October
Consumer sentiment dropped 6% in October, according to data from the University of Michigan. “Consumer sentiment confirmed its early-month reading,...
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....
Mortgage Rates Continue Historic Rise
The 30-year fixed-rate mortgage (FRM) increased from last week’s average of 7.63% to an average of 7.79% this week, according...
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,...
Interest Rates Will Continue to Weigh on Economy, says Fannie Mae
The rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth, according...
Inflation Stays High; NAR Chief Economist Cites Rising Rents as Catalyst
Inflation remained high in September after picking up over the summer as gains in rent and other services offset another...
4 Vital Metrics to Assess Your Team’s Business
Though many have tried, no one has yet succeeded in turning the practice of buying and selling homes into an equation that can be worked out and solved on paper. Read more.
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