by The Commercial Record | Mar 1, 2018 | CR Daily, Industry News, Residential Real Estate
An optimistic testimony on Capitol Hill from Federal Reserve Chairman Jerome Powell sent Treasury yields higher as Powell stated his outlook for the economy has strengthened since December. Following Treasurys, the 30-year fixed mortgage rate jumped 3 basis points to reach 4.43 percent. The benchmark 30-year rate has been on a tear in 2018, climbing 48 basis points since the start of the year and increasing for 8 consecutive weeks.
by The Commercial Record | Nov 30, 2017 | CR Daily, Industry News, Residential Real Estate
Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov. 24, 2017.
by The Commercial Record | Jun 9, 2017 | CR Daily, Executive Briefing, Industry News, Residential Real Estate
Mortgage applications increased 7.1 percent last week from the previous week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 2, 2017. The week’s results included an adjustment for the Memorial Day holiday.