Speaking before the Senate Banking Committee Federal Reserve Chair Jerome Powell said the recent rise in COVID-19 cases and the emergence of the Omicron variant…
Posts published in “federal reserve”
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…
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes of their Nov. 3 meeting show. Source:…
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…
Rates on 30-year fixed-rate conforming mortgages followed Treasury yields up Wednesday, climbing seven basis points to 3.21 percent. Source: Inman News
Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Source: Inman News
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,…
The Federal Reserve this month will begin drawing down the support it’s provided to mortgage rates during the pandemic. Source: Inman News
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. Source: Inman…
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…