Tag Archives: federal reserve

The biggest mortgage, lending and housing finance stories of 2022

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The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →

Homes could get more affordable even if prices don’t come down

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Homebuyer affordability could improve by 9 percent by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts. Continue reading →

Bah humbug! Mortgage rates fall, but holidays curtail buyer demand

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It’s a slow time of year for homebuying, so it’s not surprising to Mortgage Bankers Association Chief Economist Mike Fratantoni that purchase applications didn’t jump last week. Continue reading →

Fed slows rate hikes, but remains wary of entrenched inflation

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Half a percentage point “is still a historically large increase and we still have some ways to go,” Fed Chairman Jerome Powell warns as policymakers wrap up final meeting of the year. Continue reading →

Homebuyers take notice as mortgage rates continue to fall

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Demand for purchase loans has increased in five out of the past six weeks, according to a weekly survey of lenders by the Mortgage Bankers Association released Wednesday. Continue reading →

Purchase mortgage demand up 4th week in a row as rates fall

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Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to an MBA lender survey. Continue reading →

Mortgage demand up for 3rd week in a row as rates continue to ease

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Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation. Continue reading →

Homebuyer demand picks up again as mortgage rates retreat below 7%

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While purchase loan applications were up 4 percent week over week, there’s still “very little refinance incentive with rates so much higher than last year,” MBA economist says. Continue reading →