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?
Weekly jobless claims dropped by 2,000, although the 4-week average was up. Meanwhile, May's personal consumption expenditures rose, calming inflation fears. All this and more in today's rate snapshot
Fixed rates are down again this week -- the same week they began to spike last year on speculation that the Fed would taper its bond buys
One thing can't be argued: the Fed, economists and analyists have been way off when forecasting economic growth. The Q1 GDP saw a huge decline. Mortgage apps are also down this week. All this and more in today's rate snapshot
Loan applications were down again last week. Meanwhile, fixed rates also declined
MBS sales opened strong today, up nine basis points from Friday's close, and existing home sales were up 4.9% in May, beating projections. All this and more in today's rate snapshot
The number of people receiving jobless benefits hit its lowest level since 2007, and the U.S. leading indicators rose in May, indicating the economy will gain momentum in spite of the first quarter's slowdown. All this and more in today's rate snapshot