Tag Archives: Interest rates

A new report on originations found that the rates for all loans closed in June reported a decline, but lenders are looking for a different type of borrower.

The statement from the FOMC said it would continue this plan “at least at the current pace” to ensure the market functions smoothly.

Additionally, purchase applications for mortgages posted their first increase in several weeks. Click through for more information.

Refinances continue to dominate the total share of all loans closed. Click through to see the year-over-year growth.

The report touted the quarter as a “banner period” as record-low interest rates brought more than 1 million homeowners to refinance.

While homeowners seek additional relief due to the effects of COVID-19, the Treasury Secretary said the government is “looking at sending checks” immediately.

“This low interest rate environment may limit the ability of central banks to reduce policy interest rates enough to support the economy during a downturn<" said Federal Reserve Chairman Jerome Powell in the first part of his Monetary Policy Report.

Click through to see the results of the latest origination report from Ellie Mae and how housing starts and completions fared during the month.

The outlook for rates beyond 2020 looks much than 2019. Click through to see the Fed’s projections.

This market might be a tropical paradise, but the outlook isn’t so sunny when it comes to how much homebuyers will have to spend. Find out where borrowers will need the deepest pockets.