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Outcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases

Outcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases

A recent article on CNBC.com, written by Jeff Cox, and Titled: Fed holds rates steady near zero and indicates it will stay there for years, includes the following statement  “Projections from individual members also indicated that rates could stay anchored near zero through 2023. All but four members indicated they see zero rates through then. This was the first time the committee forecast its outlook for 2023.” The article details the projections and expectations of the policymaking Federal Open Market Committee.

September 29, 2020 Notary Near You No comments
Notary Near YouOutcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases
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With Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?

With Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?

The year of 2020 will be remembered by many people and for many reasons. The year was rocked by a pandemic with a ripple effect that created an economic recession; complex social unrest; and a highly polarized presidential election.  Oh, and let’s not forget it was also a year of historically damaging wildfires and hurricanes!

September 29, 2020 Notary Near You No comments
Notary Near YouWith Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?
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Mortgage Refinance Boom Creates Pressure on Lenders

Mortgage Refinance Boom Creates Pressure on Lenders

Lenders across the US are struggling to keep up with the Mortgage Refinance Boom. The recent Federal Reserve rate cut has motivated many homeowners that were waiting for the right time to refinance to make their move and file an application.  Major lenders are doing their best to meet the need including hiring new loan underwriters, processors, and closers.
Purchase application volumes have also increased to the highest level in over 11 years, which is adding to the pressure on the entire mortgage industry affecting lenders, appraisers, and title companies.

June 24, 2020 Notary Near You No comments
Notary Near YouMortgage Refinance Boom Creates Pressure on Lenders
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Refi Applications Hit Seven-Year Highs

Refi Applications Hit Seven-Year Highs

According to a February 12, 2020 article, written by Jann Swanson for Mortgage News Daily, “Refinancing was up for the third straight week, adding 5 percent to that index which is now 207 percent higher than on an annual basis. The share of applications that were for refinancing grew to 65.5 percent; 1 percentage point higher than the prior week.”

February 28, 2020 Notary Near You No comments
Notary Near YouRefi Applications Hit Seven-Year Highs
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