Tag Archives: Federal Open Market Committee (FOMC)

With mortgage rates rising to levels last seen in March, the MBA reports that overall application volume dropped 4.6% week-over-week, amid a continued lack in the nation’s housing inventory.

For the tenth time, the Federal Reserve raised the nominal interest rate—this time by 25 basis points. Click through for comments from the Fed and other industry leaders.

Elevated rates continue to both impact homebuyer affordability and weaken demand for refinancing, as the MBA reports overall app volume fell 1.2% week-over-week.

Mortgage rates fell for the second consecutive week, spurring a jump in mortgage apps at the outset of the spring homebuying season.

The dip in mortgage rates has kicked the spring homebuying season off on the right foot, as the MBA reports overall app volume on the rise for the third straight week, amid uncertainty over the health of the banking sector.

The historic ninth increase of interest rates in just over a year occurred at the conclusion of the Federal Open Market Committees March meeting. Click through to find out how much rates are going up this time.

The Federal Open Market Committee moved to raise the nominal interest rate by 25 points to a range of 4.50-4.75% at the end of its February meeting.

For the fifth consecutive month, the S&P Dow Jones Indices reported declining home prices in the U.S., as potential buyers took a bigger step back from the market.

Freddie Mac reports the fixed-rate mortgage has fallen to its lowest level since mid-September, as buyers begin to return to the market ahead of the spring homebuying season.

Freddie Mac reports the fixed-rate mortgage sliding for the sixth straight week, with the downward trend in rates resulting in a rise in refis, offsetting a week-over-week decrease in purchase activity.