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?
Mortgage rates have seen their sixth consecutive week of rises as the average rate edges closer to 4%
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