Tag Archives: Federal Open Market Committee (FOMC)

The MBA reports that purchase activity was down 10% year-over-year, as inventory shortages and higher mortgage rates are dampening demand.

Three-quarters of a point. This is the amount the Federal Reserve chose to raise the nominal interest rate by citing the need to combat the highest rate of ...

S&P CoreLogic Case-Shiller reports steady acceleration in U.S. home prices to close out Q1, a period that presented some of the most competitive market conditions since the start of the pandemic.

Jerome Powell has been confirmed by the U.S. Senate for a second term as Chairman of the Board of Governors of the Federal Reserve System for a term of four years, by a vote of 80-19 (one senator did not vote).

After weeks of declines, mortgage application volume has trended upward, as refis slowly begin to rise with mortgage rates dipping slightly.

From pandemic pressures to supply chain challenges, Dan Bailey of WFG Lender Services discusses how homeowners are looking to access their homes’ equity.

A strong economy and positive employment numbers factor into the Federal Reserve’s decision not to raise rates.

The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward.

Fed Chair Jerome Powell has announced a slow tapering of the U.S. economy, as MReport examines the impact of the Fed’s actions on the nation’s housing market.

Freddie Mac has found that rates are on the slide for the second consecutive week, dipping further below the 3% mark.