Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day… Read more »
Category: Mike Fratantoni
Despite Rise in Inventory, Mortgage Application Volume Declines
The latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) has found mortgage applications sliding 1.9% from one week earlier. The MBA’s Market Composite Index, a measure of… Read more »
Mortgage rates fall to an all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac in a series that goes back to 1971. The… Read more »