Mortgage Mix: Rates Level Off; Mr. Cooper Class-Action Dismissed
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday...
Economy
Fed Chair Jerome Powell Is Optimistic About the Economy, Unsure of Third Rate Cut This Year
“Will the Fed cut interest rates?” That’s a question on everyone’s mind whenever Federal Reserve Chair Jerome Powell speaks publicly—including...
Annual Inflation Increases for First Time in Seven Months
The latest Consumer Price Index (CPI) reading from the Bureau of Labor Statistics holds eye-catching news: annual inflation is up....
MBA Reports Fifth Straight Week of Decline in Mortgage Applications
Mortgage applications continued their rapid decline for the fifth straight week, with pressure from rising mortgage rates continuing to plague...
Mortgage Mix: DOJ Sues Rocket Mortgage; GSEs Report Q3 Earnings
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday...
Employment Report Comes in Flat, Adding to Economic Worries
With only days before the presidential election and with inflation on track to fully normalize, all eyes have been on...
Mortgage Rates Increase for the Fifth Consecutive Week, Reaching 3-Month High
Reaching a three-month high and their fifth-consecutive week of increases, the average 30-year fixed rate mortgage climbed to 6.72%, up...
U.S. Economy in ‘Much Better Place Than Anybody Expected,’ but There Are Some Risks
DENVER, Colo.—Doom-and-gloom headlines about the U.S. economy have been everywhere. But compared to the rest of the world, the U.S....
Consumer Sentiment Rises Slightly for the Third Consecutive Month
How are consumers feeling overall, and how does that translate to a real estate sale? The question is multifaceted, but...
Mortgage Rates See Fourth Straight Week of Increases
Mortgage rates are still ticking up, thanks to strong economic data including good jobs reports and stubborn core inflation, economists...
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