Peer-to-peer lending, or crowdlending to unrelated people done outside of financial institutions has seen robust growth in recent years, especially among homeowners.
Read More »So the Fed Raised Rates, Now What?
So now that the rates are higher, mortgage industry professionals are now wondering how this change will be impact their business moving forward into the new year. Several executives sat down with MReport to give their thoughts on if the housing market will thrive, stall, or completely shatter in the near future.
Read More »The Pressure’s On: Will the Fed Raise Rates Next Week?
On Wednesday, December 16, the Federal Open Market Committee (the policy-making arm of the Federal Reserve) will wrap its eighth and final meeting of 2015. Nearly everyone from economists, analysts, and even the policymakers themselves are predicting the FOMC to announce the Fed’s first federal funds rate hike in nine years.
Read More »Mortgage Interest Rates Fall in October With No Help From the Fed
The Federal Housing Finance Agency announced Tuesday that interest rates on conventional purchase-money mortgages fell even further below 4 percent in October.
Read More »Interest Rate Hike Highly Likely at December Meeting, FOMC Minutes Show
The elusive interest rate hike that the mortgage industry has anticipated for quite some time may finally happen in December 2015. Minutes from the Federal Open Market Committee's October meeting showed that most of the members appear to be on-board for a December rate increase.
Read More »Banks’ Business Strategies Implicated By “Lower-for-Longer” Interest Rates
U.S. banks' can expect their long-term business strategies to continue to be affected by the "lower-for-longer" interest rate environment that Fed officials have placed the industry in.
Read More »Interest Rates Unchanged as Fed Holds on Increase Until Further Economic Improvement
As the Federal Open Market Committee reconvened Wednesday, results from their October 27th and 28th meeting placed yet another hold on the rate hike, leaving the federal funds rate at the current 0 to 1/4 percent target range.
Read More »Fed Governor Brainard Urges Restraint From the Fed on Rates
Federal Reserve Board Governor Lael Brainard warned against visceral reactions, such as pushes in the marketplace for an increase in interest rates, given the economy’s fragile growth, while speaking at the 57th National Association for Business Economics Annual Meeting in Washington, D.C., on Tuesday.
Read More »Home Prices Rise Nearly 7 Percent in August Amid Favorable Market Conditions
Employment gains, wage growth, and continued low mortgage rates are pushing home prices up both year-over-year and month-over-month.
Read More »Federal Reserve Leaves Interest Rates Unchanged in Meeting
The Federal Reserve decided on Thursday to keep the federal funds target rate at zero to 1/4 percent, where it has been for nine years, at the September meeting of the Federal Open Market Committee.
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