As broadly predicted, the Fed hiked the benchmark interest rate this week. But what does that mean for originators?
The Federal Reserve has announced its decision on whether to hike interest rates again
Trick or Treat. The trick: how to drive global stock markets higher. The treat: the Bank of Japan treated markets with an unexpected increase in monetary stimulus overnight. The reaction; sent stock bourses substantially higher in early trading this morning.
Rates rebounded from their lowest level all year this week, moving higher across the board
Officials have announced their QE plans – what does it mean for rates?
In the latest CFPB report, the watchdog found that servicers had harassed consumers and tricked them into paying higher fees.
The increase was the lowest since November 2012 and is another indication that lending standards need to be loosened, says Shirmeyer.
Tomorrow the Fed will begin its two-day FOMC meeting that is expected to put an end to its bond-buying program, but America’s weak economy may give officials pause.