By Jason Shortes Author Leave a Comment
For the week ending October 5, 2018, Mortgage applications moved down 1.7 percent from the previous week, based on data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
The Market Composite Index indicator, measures mortgage loan application volume, that shows the decrease to 1.7 percent on its seasonally adjusted base from one week earlier. On the unadjusted base, … Read the rest
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The benchmark interest rate was expectedly increased by one-quarter of a percentage point by the Federal Reserve on Wednesday, with more signs that the rates will be raised once more in December. After the conclusion of its two-day meeting where the monetary policy is decided, the Federal Open Market Committee continually pronounced the economic conditions as strong. According to the … Read the rest
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The entire mortgage application volume has recorded an increased valued at 1.6 percent last week in comparison with the penultimate week. The increased interest rates may be the factor behind the return of the borrowers to their brokers. The average contract interest rate for 30-year fixed-rate mortgages with corresponding loan balances increased to its highest level for the first time … Read the rest
By Jason Shortes Author Leave a Comment
According to the statement made by Atlanta Federal Reserve President, Raphael Bostic on Thursday, the Federal Reserve will persist in the raising of the interest rates for the next several quarters in the face of lower unemployment rates as no sign inflation is about to start.
Bostic, who is currently a voter on economic policy, has been indecisive on the … Read the rest