Fed Holds Rates Steady; Signals Cut Later

The Federal Reserve’s Federal Open Market Committee held rates unchanged at its March meeting and continued to signal its next move will be a rate cut.

MBA’s Michael Fratantoni Provides Market Outlook, Notes ‘It’s Not 2008’

WASHINGTON–The industry has plentiful challenges, but is in a very different spot than during the Great Recession, said Michael Fratantoni, Mortgage Bankers Association Chief Economist and Senior Vice President of Research and Industry Technology, here at the National Advocacy Conference.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 5.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 23, 2024. 

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 10.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 16, 2024. 

Mohamed El-Erian at #MBACREF24: U.S. Economy Outshines Rest of World

SAN DIEGO–Looking at the U.S. economy, 2024 will be solid, but not as solid as last year, predicted Mohamed El-Erian during a session titled “What’s Ahead in the Global Economy” Feb. 12 at the MBA Commercial/Multifamily Finance Convention and Expo.

U.S. Economy Adds 353,000 Jobs in January

Total nonfarm payroll employment rose by 353,000 in January, with the unemployment rate flat at 3.7%, the Bureau of Labor Statistics reported Feb. 2.

Fed Holds Rates Steady

The Federal Open Market Committee held rates steady on Wednesday, stating that “the risks to achieving its employment and inflation goals are moving into better balance”