A ‘Weird’ Economy and ‘Ugly’ Rate-Locks: Experts Say 2024’s Market Still an Enigma
Above, CoreLogic Chief Economist Selma Hepp. Photo credit: AJ Canaria WASHINGTON D.C.—The economy right now is “weird.” It also might be...
Economy
Mortgage Mix: Fed Rate Cut Closes in; CFPB Fines New Day Financial
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....
More Inflation Data Supports Rate Cuts, but ‘Alarm Bells’ Over Timing
The Federal Reserve’s preferred measure of inflation showed an annual gain of 2.5% in July, within striking distance of the...
Mortgage Rates Continue Falling Ahead of Expected Rate Cut
Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down...
Mortgage Applications Little Change, Small Increase
Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey...
As Interest-Rate Cut Nears, Can It Really Spur Home Sales to Gain Traction Fast?
It’s coming. The Fed has strongly intimated that an interest rate is coming, most likely at its next meeting Sept....
Consumer Confidence Up Slightly in August Due to Economy and Inflation
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next...
Fed Chair Jerome Powell Points to Almost Certain Rate Cut in September
Above, Jerome Powell The possibility of a September interest rate cut just became a much more imminent promise, according to...
Mortgage Rates Remain Low; Expert Sees Little Change
The 30-year fixed-rate mortgage (FRM) remains at the low level seen recently, from last week’s average of 6.49% to a...
Mortgage Applications Drop; Refinance Activity Remains High
Mortgage applications decreased 10.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey...
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