Economics News Results

  • Mortgage Rates Increase

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market®, showing that the 30-year fixed-rate mortgage rate averaged 3.56 percent. Sam Khater, Freddie Mac’s Chief Economist says, “Pipeline purchase demand continues to improve heading into the late fall with purchase mortgage applications up nine percent from a year ago.

  • Mortgage Rates Drop

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® , showing that the 30-year fixed-rate mortgage rate averaged 3.49 percent, the lowest it has been since October 2016. Sam Khater, Freddie Mac’s Chief Economist says, “Mortgage rates continued the summer swoon due to weaker economic data.

  • Mortgage Rates Generally Hold Steady

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® , showing that the 30-year fixed-rate mortgage rate averaged 3.58 percent, a slight increase from last week.

  • OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

     Ottawa Bancorp, Inc. (OTTW), the holding company for Ottawa Savings Bank FSB, announced today that its Board of Directors has declared a quarterly cash dividend of $0.06 per share, payable on or about September 18, 2019, to stockholders of record as of the close of business on September 4, 2019.

  • Mortgage Rates Drop Significantly

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® , showing that the 30-year fixed-rate mortgage rate averaged 3.60 percent, the lowest it has been since November 2016. Sam Khater, Freddie Mac’s chief economist, says, “There is a tug of war in the financial markets between weaker business sentiment and consumer sentiment.

  • Mortgage Rates Remain Flat

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® , showing that the 30-year fixed-rate mortgage rate sat at 3.75 percent. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates have essentially stabilized over the last two months, which reflects the recovery and improvement in the economy from the malaise earlier in the year.

  • Carolinas Investment Consulting LLC Welcomes John Silvia as Director of Economics

    Carolinas Investment Consulting is pleased to announce John Silvia has joined the firm as Director of Economics. Prior to Wells Fargo, John worked on Capitol Hill as a senior economist for the U.S. Senate Joint Economic Committee and as Chief Economist of Senate Banking, Housing and Urban Affairs Committee.

  • Rastegar Property Acquires Prominent High-rise Lot in Downtown Phoenix for Commercial and Residential Development

    Rastegar Property, a vertically-integrated real estate investment firm focused on value-add and development in all asset classes across the United States, today announced its acquisition of a prominently-located high-rise lot in downtown Phoenix, AZ in anticipation of the city’s rapidly growing demand for residential and commercial real estate space.

  • Mortgage Rates Remain Stable

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® , showing that after declining for most of the year, mortgage rates remained mostly unchanged this week. Sam Khater, Freddie Mac’s chief economist, says, “While rates have moderated, we’re still at nearly three-year lows, which is good news for buyers looking to purchase a home before school starts.

  • Mortgage Rates Level Out

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® , showing that the mortgage rates stabilized this week after trading within a narrow range over the last month. Sam Khater, Freddie Mac’s chief economist, says, “We’re seeing a tug of war happen as the fixed income market flashes warning signs while the equities market continues to march higher with optimism.

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