The Federal Reserve is racing to catch up to economic events, announcing a 75-basis-point increase in the federal funds rate and signaling more increases following last week’s FOMC meeting.
Tag: Mike Fratantoni
Fed Brings Out the Big Guns
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
MBA Weekly Survey June 8, 2022: Applications Fall Again
Mortgage applications decreased 6.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 3, 2022.
Employers Add 390,000 May Jobs; Unemployment Rate Holds at 3.6%
Employers added nearly 400,000 jobs in May, largely meeting expectations, the Labor Department reported Friday. The unemployment rate held at 3.6 percent for the third straight month.
MBASecondary22: A Volatile Economic Outlook
NEW YORK—The mortgage industry is coming off two of its best years in history, despite a temporary but economically devastating pandemic. Now, economists said here at the MBA National Secondary and Capital Markets Conference & Expo, the industry is entering a more challenging environment.
#MBASecondary22: A Volatile Economic Outlook
NEW YORK—The mortgage industry is coming off two of its best years in history, despite a temporary but economically devastating pandemic. Now, economists said here at the MBA National Secondary and Capital Markets Conference & Expo, the industry is entering a more challenging environment.
Employment Approaches Pre-Pandemic Levels
U.S. employment rolls increased by more than 425,000 in April, the Bureau of Labor Statistics reported Friday.
Federal Reserve Raises Interest Rates 50 Basis Points
The Federal Reserve raised its target range for the federal funds rate by 50 basis points–the largest increase since 2000–on Wednesday.
MBA Weekly Applications Survey May 4, 2022: Applications Increase
Mortgage applications increased 2.5 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 29.
Federal Reserve Raises Interest Rates 50 Basis Points
The Federal Reserve raised its target range for the federal funds rate by 50 basis points–the largest increase since 2000–on Wednesday.