Mortgage Bankers Cut US Loan Origination ForecastBloombergBy Brian Louis June 22 (Bloomberg) -- Mortgage originations in the US this year may total $2.03 trillion, 27 percent less than an earlier forecast, as higher interest rates cut home refinancings, the Mortgage Bankers Association said.Mortgage Group Says Fed-Fueled Refinance Boom Won't Occur Wall Street JournalUS mortgage group cuts loan forecast as rates jump ReutersPhiladelphia Inquirer - 24/7 Wall St.

BING NEWS:
  • Americans are probably getting another interest rate cut 2 days after the election
    On Thursday, the Federal Open Market Committee will announce its next decision on interest rates, and it's likely to be another cut. CME FedWatch ... far below the forecast of 106,000. However, the ...
    11/6/2024 - 7:32 am | View Link
  • The Fed is expected to cut interest rates again Thursday. Here's everything you need to know
    Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.
    11/6/2024 - 6:33 am | View Link
  • Mortgage demand has fallen 41% since Fed’s 50 bps cut
    Mortgage applications dropped for a sixth straight week on the back of higher interest rates, the Mortgage Bankers Association reported.
    11/6/2024 - 2:22 am | View Link
  • Tight credit conditions add to case for Fed interest-rate cut
    The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline in inflation and a cooling in labor markets that makes it harder for Americans ...
    11/5/2024 - 9:05 pm | View Link
  • The Federal Reserve is making a rate cut decision on Thursday. Here's the impact on your money.
    Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac. That's ...
    11/5/2024 - 9:00 pm | View Link
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