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Tag Archives: rates

Mortgage Loan Rates, New Applications Continue Sliding

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 3.7% in the group’s seasonally adjusted composite index for the week ending February 8. Mortgage interest rates dropped on all five types of loans the MBA tracks. On an unadjusted basis, the MBA’s composite index dipped by 4% in the past week. ...

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Federal Reserve leaves rates unchanged, stresses patience

For the first time in recent months, the Federal Reserve said Wednesday it would leave rates unchanged and, as expected, vowed to be “patient” in its evaluation of the economy’s health. Following a two-day meeting of the Federal Open Market Committee, the Fed released a statement saying that economic activity has been “rising at a solid rate” and that it ...

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