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Stagflation and the presidential election could put the Federal Reserve in a difficult position at this week's Federal Open Market Operations Committee (FOMC) meeting.
We interviewed a dozen LOs and mortgage execs about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market.
Housing market cheers as rate cuts are on the horizon for 2024. Industry players expect a busier market as mortgage rates fall.
Mortgage rates are now much higher than they were last year, but where are they headed? Here's what the experts say.
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Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association.