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?
Despite record profits, Fannie Mae and Freddie Mac would still need billions of dollars from the Treasury in the event of another housing meltdown
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.