The Federal Open Market Committee, as expected, cut the federal funds rate by 25 basis points following conclusion of yesterday’s policy meeting.
Tag: Mike Fratantoni
MBA 2020 Forecast: Purchase Originations to Increase 1.6 Percent to $1.29 Trillion; Refinance Activity Expected to Slow after Strong 2019
AUSTIN, TEXAS–The Mortgage Bankers Association expects purchase originations to increase by 1.6 percent to $1.29 trillion in 2020.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell for the first time in a month as key interest rates increased last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 18.
September Existing Home Sales Fall 2.2%
Existing home sales fell by 2.2 percent in September, following two consecutive months of increases, the National Association of Realtors reported yesterday.