Tag Archives: Mortgage Rates

The already low prospect of a rate hike by the Federal Reserve later this month just became even lower following a speech this week by Fed Governor Lael Brainard.

The already near-record low mortgage rates ticked downward again as the share of refinances remains high more than two months after the Brexit vote.

A September rate hike by the Fed looks less likely now but could still happen before the end of the year. How will a rate hike affect the mortgage industry?

Mortgage interest rates, which have been hovering near record lows for the last two to three months, bumped up this week due to the increased possibility of a Fed rate hike.

Speculation is widespread in the industry that the Fed will raise short-term interest rates in September, and Fed Chair Janet Yellen's speech in Wyoming on Friday fanned those flames of speculation.

Markets are erring on the side of caution in anticipation of the second Q2 GDP estimate, to be released Friday, and a speech by Fed Chair Janet Yellen on Friday in Wyoming.

With mortgage interest rates hovering just above historic lows for the last few weeks, one would think the environment is great to refinance a mortgage. One analysis found however, reported a decline in refinances.

Amy Crews Cutts, Chief Economist with Equifax, recently spoke with MReport about the impact on the industry of the recent spike in first mortgages.

It has been a summer of little movement for average fixed mortgage rates, which have been hovering right above all-time lows for several weeks.

Bad economic news at the start of the summer caused many analysts to predict that the Federal Reserve would not raise the federal funds target rate until December. Lately, however, forecasts are changing.