As broadly predicted, the Fed hiked the benchmark interest rate this week. But what does that mean for originators?
The Federal Reserve has announced its decision on whether to hike interest rates again
Refis were up in the first quarter, the result of lower mortgage rates
Mortgage applications dropped last week, while refis hit their lowest level since September
The Fed's soft outlook on rate hikes means business as usual for mortgage rates -- but bond traders still expect rates to rise this year
Fixed rates remained near 2015 lows this week, according to Freddie Mac
In a speech Wednesday, the outspoken senator called on lawmakers to cap the size of the largest financial institutions and limit emergency lending by the Fed to troubled institutions.
The final rule includes additional instructions for providing housing counselor information and features an online tool lenders can use.