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
The 30-year fixed-rate mortgage held steady last week, but rates on 5/1 ARMs were up
Rates rose after an uptick on the 10-year Treasury note and comments by Fed Chair Janet Yellen
An increase in conventional purchase applications drives a spike in purchase activity even as applications drop
The Federal Reserve’s multibillion-dollar bond-buying program – which led to historically low mortgage rates – will probably be history by this fall
Fixed rates dropped slightly this week as housing starts declined
Mortgage applications dropped last week as rates fell