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
Rates have climbed for the fifth consecuive week, with the average 15-year fixed-rate climbing above 3% for the first time in more than a year
A "stepping" pattern in MBS over the past month has seen mortgage rates climbing higher by the week
Mortgage rates last week rocketed to their highest level in a year, and the jump may see prospective buyers get off the fence in a bid to avoid future rises
Following a week of climbing mortgage interest rates, industry figures have spoken out on how they’re reacting to new home loan highs
A new proposal that could see “too big to fail” banks shrink in size has been met with harsh criticism from industry figures who say it could deter lending
The most recent uptick in interest rates is influencing originators to prioritize home purchase loans, rather than refinances.