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The Federal Reserve delivers lower rates for Christmas

Housing Wire

The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week. Mortgage rates and the 10-year yield What a crazy week!

Mortgages 535
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Federal Reserve tapers asset purchases

Housing Wire

The Federal Reserve announced Wednesday that it will soon begin to taper its monthly asset purchases. That means that later this month, the Federal Reserve will purchase at least $70 billion Treasury securities and at least $35 billion agency mortgage-backed securities. It’s official.

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Federal Reserve accelerates tapering program

Housing Wire

The Federal Reserve announced that it is accelerating its tapering of bond-purchases starting in January. The trading desk has been buying mortgage-backed and Treasury securities since March 2020 , when Federal Reserve Chairman Jerome Powell announced the move in response to the coronavirus pandemic.

Banks 397
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CFPB, OCC and Federal Reserve raise thresholds for TILA standards

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Monday announced its joint rulemaking with the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) to determine new cutoff thresholds for oversight of loans under the Truth in Lending Act (TILA). The agencies announced four total instances of new rulemaking.

Loans 388
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Federal Reserve fines Regions Bank $2.95 million for ‘unsafe’ flood insurance program

Housing Wire

The Federal Reserve System this week fined Birmingham, Ala.-based Violations of the Flood Act require civil penalties of up to $2,000 per violation, according to the order released by the Federal Reserve Board of Governors. based Regions Bank $2.95

Banks 364
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When will the Federal Reserve raise rates?

Housing Wire

Part of the fun of this Fed guessing game is deciphering the clues dropped by members of the Federal Reserve. The post When will the Federal Reserve raise rates? But now that the U.S. appeared first on HousingWire.

Mortgages 496
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Purchase mortgage rates rise ahead of Federal Reserve meeting

Housing Wire

inflation data, the expectation of a tightening Federal Reserve ’s monetary policy, and its economic impacts. . The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. Mortgage rates tend to align with the 10-year U.S

Mortgages 397