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
Fixed mortgage rates rose slightly this week for the second week in a row
Mortgage applications dropped last week as rates climbed
Many of the 1.2 million people who have taken advantage of HAMP will see their monthly mortgage payments spike as the program expires
Mortgage rates remained relatively flat this week, according to data released Thursday by Freddie Mac
Mortgage rates fell again this week, pushed downward by weaker housing numbers, according to data released Thursday by Freddie Mac
Mortgage applications were up slightly last week as mortgage rates fell, according to data released Wednesday