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
Janet Yellen’s fight to be confirmed as the next head of the Federal Reserve got a little easier Wednesday when Republican Sen. Bob Corker announced he would support her.
With rates continuing to creep upward, mortgage applications dropped again last week.
Activity was down in the mortgage market last week as a result of spiking interest rates.
A White House spokesman says President Obama is confident that his pick to head the Federal Reserve will be confirmed despite some Republican grumblings.
Stronger-than-expected economic data pushed rates higher for the second week in a row this week.
The presumptive head of the Federal Reserve testified before the Senate today on her plans for the Fed's $85bn-per-month bond-buying program.