Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.88 percent.
“The slowdown in economic growth around the world has caused
A former Chick-fil-A employee pleaded guilty today to participating in a conspiracy to defraud his former employer and committing bank fraud, announced U.S. Attorney Prim F. Escalona and U.S. Secret Service Special Agent in Charge Patrick M. Davis.
Larry James Black,
Mortgage applications increased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 17, 2021. The previous week’s results included an adjustment for the Labor Day
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17 percent compared from a year ago. Compared to July 2021, applications increased by 9 percent. This change does
For the second month in a row expectations for near-term real GDP growth were revised downward – and outward – due to persistent
MARKET COMMENT
Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week on a positive note with weaker than expected data and tame inflation readings. Industrial production rose 0.4% vs 0.6% and capacity use
The law of supply and demand is a bastion of capitalism. During the pandemic, we have never before seen this law so vividly in action. Take the price of oil. Before the pandemic, the price of oil was over $60
