October 2022

Federal Reserve Rate Hike Pace in Past Year Unmatched Since the 1980’s

It’s well known that mortgage interest rates have been on the climb this year, but the speed of this increase has not occurred since the 1980’s, according to an article written by Jeff Ostrowski for BankRate.com In the article he states…

October 27, 2022 Notary Near You Uncategorized No comments

It’s No Surprise Mortgage Application Volume Is At A 25 Year Low

It is no surprise that mortgage application rates have dramatically decreased, reacting to mortgage interest rates that have reached a 20 year high. According to an article MortgageNewsDaily.com refinance mortgage applications are “86 percent lower than the same week in 2021”. Jann Swanson provides related statistics in her article:

October 27, 2022 Notary Near You Uncategorized No comments