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The History Of The Mortgage Rate
Financial Markets
Mortgage rate lock volume remained flat in October amid headwinds
Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over […]
Housing Wire
A sub-7% mortgage rate brings holiday cheer
The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate […]
Housing Wire
Mortgage rate relief won’t come until end of 2023 (or later), housing economists say
After a slight decline this week, mortgage rates are expected to stay at their current elevated levels for a while in reaction to the Federal Reserve‘s (Fed) decision to pause its tightening monetary policy in […]