Rates also took a breather after three weeks of consecutive increases
As broadly predicted, the Fed hiked the benchmark interest rate this week. But what does that mean for originators?
The stock market started better this morning, and Treasuries still show a lot of volatility. This and more in today's rate snapshot
Non-farm jobs were up 209,000 in July, missing expectations of 230,000, and the Dow traded down this morning another 117 points from yesterday's close. This and more in today's rate snapshot
Bond traders were worried that personal consumption expenditures (PCE) would creep up, signaling that inflation was trending toward the Fed’s 2% goal and that the agency would raise interest rates earlier than planned. But that’s not what happened
The Dow plunged more than 317 points yesterday, but it shouldn’t have an effect on the mortgage market. However, that doesn’t mean rates won’t go up in the near future
Mortgage rates increased and jobless claims rose to 302,000 this week. Meanwhile, stocks are reacting to changing sentiment about when the Fed will increase rates. All this and more in today's rate snapshot
Consumer spending was up 2.5% from Q1, while MBS prices weakened today. This and more in today's rate snapshot