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 Fed is unlikely to raise its key interest rate until July of next year, a survey has predicted
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