As expected by virtually all market participants, the Federal Reserve maintained its short-term policy interest rate between 5.25% and 5.5% at its June meeting that concluded Wednesday afternoon.That’s the seventh consecutive time policymakers with the Federal Open Markets Committee (FOMC) kept the

Mortgage applications shot up 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly application survey for the week ending June 7.On an unadjusted basis, the market composite index increased 26% compared with the previous week. The refinance index increa

Should we be concerned about the number of homeowners who are underwater on their homes? Recent data from Attom showed that 1 out of every 37 homes were severely underwater, something I talked about on CNBC recently, but CoreLogic data provides a reality check on this topic. Let’s dig in.One of the

The Mortgage Bankers Association (MBA) on Wednesday announced that Owen Lee, CEO at Success Mortgage Partners (SMP), has been nominated to serve as the association’s vice chairman for the forthcoming 2025 membership year.Lee’s nomination was announced by Mark Jones, the 2024 MBA chairman and preside