The Federal Reserve yesterday made an emergency cut to the federal funds rate, citing “evolving risks” stemming from the global coronavirus outbreak.
The unofficial start of the spring home buying season began with a bang, as mortgage applications jumped more than 15 percent from the previous week and key interest rates hit a seven-year low, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Feb. 28.
MISMO®, the mortgage industry standards organization, released a new tool designed to facilitate use of MISMO standards.
The Centers for Disease Control and Prevention will hold a Business Sector Call today, Mar. 4, at 3:00 p.m. ET to discuss latest developments on COVID-19, also known as the coronavirus.