In the wake of its last meeting of the year, the Fed has announced its decision on whether to hike interest rates – but what does it mean for mortgage rates?
Holding the line on interest rates can be good for originators overall, but might have some negative impact in markets with tight inventory
Mortgage applications dropped last week as rates fell
Fixed mortgage rates have edged up, new data from Freddie Mac shows
Mortgage applications have fallen as interest rates rose last week
Mortgage applications were up last week as interest rates fell, according to data released by the Mortgage Bankers Association
Mortgage rates moved down this week in the wake of weaker-than-expected economic and housing data
Mortgage applications were down for the second week in a row last week as rates continued to rise