Tag: interest rates

Federal Reserve Raises Key Interest Rate For First Time Since 2006

'Federal Reserve Said It’s Not Ready To Cut Interest Rates Even as Inflation Cools

The federal reserve began hiking interest rates in March 2022 in hopes of curbing the rising inflation.
Unusually Low Mortgage Rates Cause Housing Market Boom

'Mortgage Applications Soared in the First Week of the Year Even as Interest Rates Increased

Mortgage applications in the first week of 2024 soared by nearly 10% even as interest rates for 30-year fixed terms inched higher.

'Fewer Approved Mortgage Applications as Interest Rates Continue to Decrease

An approved mortgage application is one of the important things you’ll need before you can get your dream home. Current mortgage interest rates are at near historic lows and while this might seem beneficial to buyers, lenders are already imposing strict regulations, which limits the number of applications approved.
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