Category US Weekly Report

According to data from the Mortgage Bankers Association’s (MBA) data, mortgage applications increased 7.4% from one week earlier for the week ending February 3. U.S. mortgage rates fell for the fifth consecutive week, with demand for purchases and refinancing both…

The Federal Reserve raised interest rates by 25 bps as expected, the benchmark rate went up to the range of 4.50% -4.75%, the highest since October 2007. The 25 bps rate hike marked a further slowdown in pace of rate…