Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement itself, the summary of economic projections (SEP), and the press conference. Within the SEP, there is the dot plot showing each Fed member’s assumptions about where the Fed Funds […]
Mortgage Rates Spike in Response to Fed Read More »
The housing market continues to balance out, as home prices grew modestly, inventory increased and home sales exceeded expectations in May, a new industry report found. Processing Content The national median home sale price hit $395,000 last month, a 1.8% rise from May 2025, according to Homes.com’s latest monthly housing market report. Active listings also
Housing market shows resilience as sales beat forecasts Read More »
Mortgage activity decreased last week, as rates held steady in the mid 6% range, the Mortgage Bankers Association found. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.8% on a seasonally-adjusted basis from one week prior for the week ending June 12, 2026. The Index fell 5% on
Mortgage applications dip down as rates hold steady Read More »