It’s a bit of a stretch to refer to the past week as a “losing streak” for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the size of that movement, things have been less traumatic considering the average lender was still at the lowest levels […]
Mortgage Rate Losing Streak Ends With Moderate Victory Read More »
The Federal Reserve Employment was a focal point for the Federal Reserve’s most recent monetary policy deliberations, with officials expressing various levels of concern about its outlook. Policymakers were united in their view that interest rates should remain unchanged during last month’s Federal Open Market Committee meeting, but divides were apparent on several key considerations
Fed minutes show focus shifting to employment Read More »
The surge in adjustable-rate mortgages this decade led their share of the market to more than triple over four years at the nation’s largest banks, according to a new Federal Reserve report. Conventional ARM originations at the financial institutions overseen by the Fed accounted for 25.1% of their mortgage originations in the first quarter this
ARMs tripled at banks over past decade Read More »