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 presumptive head of the Federal Reserve testified before the Senate today on her plans for the Fed's $85bn-per-month bond-buying program.
Presumptive Fed chair Janet Yellen is continuing the dovish dialogue of her predecessor
Borrowers who refinanced in the third quarter will see a net savings of $6bn in interest over the next 12 months
Some investors are speculating that the Fed may wind back its $85bn-per-month bond-buying program sooner than expected, perhaps fueling a hike in mortgage rates.
Fannie Mae and Freddie Mac continue to pump money into the Treasury even as lawmakers plot their demise. But industry pros warn that burying the GSEs could hike mortgage rates and strangle competition.
Mortgage rates slipped down this week, with fixed mortgage rates hitting their lowest levels since June, according to Freddie Mac