The Federal Open Market Committee held interest rates steady yesterday–as many forecasters had predicted.
Tag: Mike Fratantoni
Quote: Dec. 14, 2023
“It is all about the pace of cuts from here. This is good news for the housing and mortgage markets. We expect that this path for monetary policy should support further declines in mortgage rates, just in time for the spring housing market.”
–MBA SVP and Chief Economist Mike Fratantoni, discussing Wednesday’s Federal Open Market Committee decision to hold interest rates steady.
Jobs Increase in November, Unemployment Rate at 3.7%
Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate now sits at 3.7%, the U.S. Bureau of Labor Statistics reported.
Quote: Dec. 11, 2023
“As in recent months, job growth has been concentrated in just a few sectors, notably health care, government, and leisure and hospitality, while employment is little changed or declining in other sectors.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni
Fed Holds Rates Steady
The Federal Reserve’s Federal Open Market Committee announced it would be holding the target range for the federal funds rate unchanged yesterday, as it continues to aim for a 2% objective for inflation.
MBA Forecast: Mortgage Originations to Increase 19% to $1.95 Trillion in 2024
PHILADELPHIA–The Mortgage Bankers Association announced at its 2023 Annual Convention & Expo that total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.
MBA Forecast: Mortgage Originations to Increase 19% to $1.95 Trillion in 2024
PHILADELPHIA–The Mortgage Bankers Association announced at its 2023 Annual Convention & Expo that total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.
MBA Forecast: Mortgage Originations to Increase 19% to $1.95 Trillion in 2024
PHILADELPHIA–The Mortgage Bankers Association announced at its 2023 Annual Convention & Expo that total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.
September Jobs Report Exceeds Expectations
The job market remained quite strong in September, with nonfarm employment increasing by 336,000, the U.S. Bureau of Labor Statistics reported Friday.
September Jobs Report Exceeds Expectations
The job market remained quite strong in September, with nonfarm employment increasing by 336,000, the U.S. Bureau of Labor Statistics reported Friday.