Federal Reserve
Weely Real Estate News

Federal Reserve Keeps Rates Intact

The Federal Reserve has opted to neither lower nor raise the federal funds rate, which remains in the 5.25% to 5.5% range. In making its decision, the central bank’s policy making Federal Open Market Committee […]

Owen Lee
Weely Real Estate News

MBA Names Owen Lee as 2025 Vice Chairman

Owen Lee, CEO of Plymouth, Michigan-based Success Mortgage Partners Inc. (SMP), was nominated to become the Mortgage Bankers Association’s (MBA) vice chairman for the 2025 membership year. Lee will be installed as vice chairman at […]

Mortgage applications activity
Weely Real Estate News

Mortgage Application Activity Catches an Upswing

Mortgage applications activity recorded a significant upswing for the week ending June 7, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, shot up by […]