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Leading Economic Signals Continue to Show "Fragile" Outlook
2+ day, 23+ hour ago (369+ words) The economy has seen numerous challenges over the past few months, from a soft but improving labor market to high inflation. The latter, largely attributed to the ongoing U. S. -Iran War and resulting energy price spikes, has also driven mortgage rates…...
Consumer Sentiment Drops in Third Straight Month as Fuel Prices Continue to Rise
2+ day, 22+ hour ago (370+ words) Consumer sentiment experienced a third consecutive month of decline this month, per the University of Michigan's closely watched survey of consumers. Consumer sentiment went from 49. 8 in April to 44. 8 in May, a 10% drop. The dramatic decline underscores how severely the Iran…...
Fed Officials Expect Rate Hikes If Inflation Continues
4+ day, 14+ hour ago (378+ words) Minutes of the meeting, released weeks after the FOMC convenes for a two-day discussion and vote, stressed that the Fed agreed that lowering interest rates would be appropriate if economic data finds inflation is trending lower again, but "a majority…...
Elevated Rates, Inflation Put Downward Pressure on Mortgage Applications This Week " RISMedia
4+ day, 20+ hour ago (337+ words) Mortgage form application with a house model. As mortgage rates and inflation remain elevated due to rising oil, gas and energy prices from the Middle Eastern conflict, the latest data from Mortgage Bankers Association (MBA) saw mortgage applications fall this…...
New Homes More Affordable in the Long Run, Despite Overall High Prices: Report
1+ week, 2+ day ago (345+ words) Comparing asset value of the house; Two house toys and money. In the ever-going search for affordability in the market, new research identifies that while prices may be higher on newly built homes, they cost less in the long run…...
Mortgage Mix: Rates Continue Rising; Major Lenders Share Quarterly Earnings
1+ week, 2+ day ago (352+ words) 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 afternoon. " Mortgage rates ticked up the first week of May to well over 6%. Rates initially rose the second week as…...
Mortgage Rates Inch Down This Week — RISMedia
1+ week, 3+ day ago (21+ words) Uncertainty has ruled the market for months but rates are still significantly lower than they were last year at this time...
Trump's Nominee to Lead Federal Reserve Confirmed by U. S. Senate
1+ week, 4+ day ago (501+ words) Trump's nominee to replace Powell, Kevin Warsh, will soon reveal whether he will be more of a dove on monetary policy, because on Wednesday, the U. S. Senate confirmed Warsh's nomination. Warsh, who served on the Federal Reserve board from 2006-2011 and worked…...
Report: April Home Prices Posted Strongest Monthly Gain in Nearly Two Years — RISMedia
1+ week, 6+ day ago (16+ words) Lower rates and improved affordability earlier in the year supported price gains across 90% of markets....
050826_Labor Market Stabilizes Despite Pressures
2+ week, 2+ day ago (65+ words) RISMedia 050826_Labor Market Stabilizes Despite Pressures Exhausted? Learn how top real estate agents reclaim work-life balance with strategic boundaries, batched tasks and weekly planning. Burn out less, close more. Read more. The Most Important Real Estate News & Events About Blog Our…...