Financial markets have already dialed back expectations that the Fed would quickly withdraw its support for mortgage markets and hike short-term rates three times next year. Continue reading
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes of their Nov. 3 meeting show. Continue reading
Purchase loans were up 5 percent last week and applications by homeowners to refinance existing mortgages were up 0.4 percent week over week, according to the Mortgage Bankers Association. Continue reading
Rates on 30-year fixed-rate conforming mortgages followed Treasury yields up Wednesday, climbing seven basis points to 3.21 percent. Continue reading
Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Continue reading
Americans’ confidence that the economy is on the right track is at its lowest level since 2013, but that’s not expected to hurt home sales, with homebuyer demand still outpacing available listings. Continue reading
The Federal Reserve this month will begin drawing down the support it’s provided to mortgage rates during the pandemic. Continue reading
Ten-year Treasury yields, a barometer for mortgage rates, fall as Federal Reserve Chairman Jerome Powell says there’s no rush to raise interest rates. Continue reading
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading
The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading