Holding the line on interest rates can be good for originators overall, but might have some negative impact in markets with tight inventory
The Fed will likely hold the line on short-term interest rates at its meeting next week
Fixed mortgage rates shot up this week after stronger-than-expected job gains and home sales
Mortgage applications crept down slightly again for the week ending Nov. 22.
Rates rose slightly in the run-up to Thanksgiving weekend
The conservative Heritage Foundation has announced that it will be "scoring" senators on their votes in the presumptive Fed chair's confirmation.
Now that the Senate has invoked the nuclear option, there seems to be little standing in the way of Rep. Mel Watt’s confirmation as the next head of the FHFA. But what policy changes can the industry expect if he does take the helm?
The Senate Banking Committee voted today to send Janet Yellen's nomination as Fed chair to the full Senate for confirmation.