Items Tagged with 'Interest rate'

ARTICLES

  • Hello refis? Mortgage rates just had the largest one-week drop in 10 years

    Interest rates haven't been this low since January 2018
    Just over six months ago, it appeared that refinance demand had all but dried up thanks to mortgage interest rates that were pushing past 4.5%. But my how the tables have turned. According to newly released data from Freddie Mac, mortgage rates just experienced the largest one-week decline in a decade.
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  • U.S. inflation rises to six-year high

    Wage gains remained moderate despite an 18-year low in unemployment
    The Federal Reserve’s outlook for gradual interest-rate hikes were reinforced in May, as U.S. inflation accelerated to the fastest pace in more than six years, although wage gains remained moderate despite an 18-year low in unemployment.
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  • Federal Reserve raises interest rates for first time in 2018

    Indicates two more rate hikes coming this year
    As expected, the Federal Reserve announced Wednesday that it is increasing the federal funds rate for the first time in 2018. Earlier this year, observers placed the likelihood of the Fed increasing rates by 25 basis points at the end of its March meeting at more than 75%. And Wednesday, that’s just what the Fed did.
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  • Economics panel: "No reason the current homeowner today will want to sell"

    Affordability could plummet in 2018
    During a panel at the CoreLogic and Urban Institute Housing Finance conference, CoreLogic’s chief economist forecasted home prices will rise as interest rates continue to increase over the next few years, making housing affordability a challenge for many prospective buyers. But one economist questions if homeowners will even want to sell in the first place.
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  • Fed elects to hold off on interest rate hike

    But increase still expected in December
    As expected, the Federal Reserve elected to hold off on any increases to the federal funds rate at their July meeting on Wednesday. While most analysts agree the final rate hike for 2017 will come in December, some argue that this year has already seen the last of its federal fund rate increases.
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  • Stearns Lending introduces new loan program with lower payments for first two years

    Lender-paid buydown program reduces borrowers' interest rate for 24 months
    With loan originations on the decline, it seems that lenders are stepping “out of the box,” so to speak, when it comes to targeting prospective borrowers. Some lenders are offering 1% down payment programs, but what about borrowers who are more concerned with their monthly payment as opposed to their upfront costs? Stearns Lending claims to have an answer for that.
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