Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom.
Tag Archive: Federal Reserve
The Federal Open Market Committee begins a 2-day meeting today. Mortgage rates are expected to be volatile for the next 48 hours.
Mortgage markets were mostly unchanged last week despite a series of positive developments. In addition to Greece successfully reaching a deal with its private creditors, the U.S. economy turned out strong reports — most notably the Non-Farm Payrolls report.
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.
Mortgage markets improved last week, pushing mortgage rates lower for the second straight week.
The Federal Open Market Committee meets this week. Mortgage rates could get volatile.
Mortgage markets made little change last week for the fifth time in as many weeks.
After a 2-year easing cycle, the nation’s biggest bank banks report that they’ve reversed course, and are raising the bar on mortgage approvals.
Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues.
Mortgage rates rose for the first time in three weeks last week, pushing conforming and FHA mortgage rates off their all-time, historical lows