Promontory MortgagePath to Close
Citing the effects of the current economic environment on the mortgage industry, Danbury-based mortgage technology company Promontory MortgagePath has decided to shut down.
Mortgage Applications Drop Slightly in Latest MBA Survey
Mortgage applications decreased 1.3 percent from one week earlier; however, both conventional and government purchase applications increased.
What Does the Fed’s Bond-Buying Decision Mean?
Observers say mortgage interest rates will likely rise in the latter half of next year following the Federal Reserve’s announcement that it would begin to taper a massive bond-buying program it started to prop up the economy in the early stages of the COVID-19 pandemic last year.
Fed Officials: Bond-Buying Could End by Mid-2022
Federal Reserve officials are signaling moves that could send mortgage interest rates up next year, potentially curtailing strong housing demand.
Rosengren Joins Calls for Fed Stimulus Drawdown
The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary economic aid.
Fed Officials Discuss Timing of Reducing Bond Purchases
Federal Reserve officials began discussing at their meeting last month the mechanics of reducing their huge monthly bond purchases that are used to keep longer-term interest rates in check.
Expect 3 Percent Mortgage Rates in 2021, NAR Survey Predicts
Next year will deliver a better economy but consistently low mortgage interest rates, a survey of 20 top economic and housing experts organized by the National Association of Realtors predicts.
Fed Rate Cut Not Expected to Move Mortgage, Deposit Rates
Interest rates on residential mortgages and consumer banking accounts will likely see little movement in response to the Federal Reserve’s decision Wednesday to cut its benchmark interest rate by 25 basis points.
Not All See A Lagging Real Estate Market in Connecticut
The strength of demand for homes in the Hartford area helped push one local loan originator into the top ranks of his colleagues statewide.
Rising Mortgage Interest Rates Threaten Affordability
The years of historically affordable mortgage rates look to be ending as rates have steadily increased in recent months and show no signs of turning back, according to data released today by Zillow.
Mortgage Interest Rates Inch Up, Applications Slide Down
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2017.
Mortgage Interest Rates Climb After US Presidential Election
The average interest rate for a 30-year, fixed-rate mortgage is moving toward 4 percent after last week’s election and it remains to be seen if it’s a temporary spike or a longer-term trend.
