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?
While many originators aren't thrilled with the timing of the taper, it's not the end of the world
The Federal Reserve said today that it would begin to wind down its $85bn-per-month bond-buying program
Mortgage application volume fell to its lowest level in more than a dozen years last week
Prospective homebuyers may be in for a nasty shock if the mortgage market ever returns to its pre-crisis rates. After a few years of super-low rates, a vast majority of homebuyers think sub-5% mortgage interest rates are normal
St. Louis Fed President James Bullard says recent encouraging economic data makes it more likely that the Fed will reduce its bond-buying program at least slightly this month.
With better-than-expected job growth and new home sales, could the Federal Reserve be about to wind back its $85bn-per-month bond-buying program?