Economy

While Freddie Mac reported the 30-year fixed rate loan increased, other data providers show that product's pricing dropped from seven days earlier.

Heightened worries about the strength of consumers and the global economy have been put on hold — at least for now — after some of the world's best known companies delivered a slew of better-than expected numbers.

Last year was a tough year for the mortgage industry, but the best of the best managed to keep their volumes high.

Her statement calls out "a fundamental misunderstanding about the fees" following concerns expressed by two congressmen and others about their impacts.

Stronger than expected demand and home prices drove the latest forecast.

Economists lowered their projections for the consumer price index as well as the personal consumption expenditures price index for every quarter through the first half of 2024, according to the latest Bloomberg monthly survey.

An index tracking the industry is up 28% so far this year coming off of one of its worst years since 2018.

Uncertainty about the economy and inflation drove the increase

The U.S. economy stalled in recent weeks, with hiring and inflation slowing and access to credit narrowing, the Federal Reserve said in its survey of regional business contacts.

Several of our best of the best share how they were able to keep their pipelines active when industry-wide volume was well below record levels the year before.