The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs the economic recovery is well underway. Fed officials did indicate that rate hikes could come as soon as 2023.


Freddie Mac’s Chief Economist Sam Khater said on Thur, “Mortgage rates continued to drift down as markets concur with the view that inflation increases are temporary.” Purchase demand has decreased the last few months, primarily due to high home prices. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.” said Khater.


Total loan application volume rose 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinances led the gains, rising 6% for the week. They were still 22% lower than before because so many borrowers already refinanced last fall, when rates hit record lows.


The Fed will be purchasing up to $4.924B in mortgage-backed-securities today.

Continual floating of most files and closely monitoring the markets are recommended.


美联储周三表示,尽管有迹象表明经济复苏进展顺利,但仍将保持基准利率接近零。美联储官员确实表示,最快可能在 2023 年加息。


房地美首席经济学家 Sam Khater 周四表示,“由于市场认同通胀上升是暂时的,抵押贷款利率继续下降。”他说,虽然抵押贷款利率很低,但过去几个月的购买需求减弱,主要是由于高房价导致的负担能力限制。 “由于库存紧张,需求放缓尚未影响价格,这意味着夏季可能仍然是一个强劲的卖方市场。”哈特说。


根据抵押贷款银行家协会的季节性调整指数,上周贷款申请总量比前一周增长了 4.2%。重貸领先,本周上涨 6%。它们仍比一年前的同一周低 22%,因为去年秋天,当利率创下历史新低时,很多借款人已经进行了重貸。


美联储今天将购买高达 $4.924B 的抵押贷款支持证券。



Economic Calendar

Report Period Estimate Impact
Date: Tue. Jun. 22
Existing Home Sales May 5.71M Moderate
Date: Wed. Jun. 23
New Home Sales May 870K Moderate
Date: Thu. Jun. 24
Gross Domestic Product (GDP) Q1 6.4% Moderate
Durable Goods Orders May 1.9% Moderate
Jobless Claims (Initial) 6/19 401K Moderate
Date: Fri. Jun. 25
Personal Consumption Expenditures and Core PCE May 0.6% Moderate
Personal Consumption Expenditures and Core PCE May 3.5% Moderate
Personal Spending May 0.4% Moderate
Consumer Sentiment Index (UoM) Jun 85.0 Moderate
Personal Income May -2.0% Moderate
Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase
IMPORTANT: Advertised rates were valid and effective as of the date reflected above, are for informational purposes only, and are subject to change without notice.

Loans are subject to credit and collateral approval. Advertised rates are based on a set of loan assumptions including a borrower with excellent credit history and optimal loan characteristics. Your final interest rate and annual percentage rate (APR) may differ depending on your individual transaction’s specific characteristics, and certain products may not be available for your situation. Several determining factors include, but are not limited to, the state of the property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value, and credit score.

APR reflects the cost of credit over the term of the loan expressed as an annual rate. For mortgage loans, APR may include the interest rate, discount points (also referred to as “points”), and other charges or fees (such as mortgage insurance and origination fees), but does not necessarily take into account other loan-specific finance charges you may be required to pay.

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