Fed’s Bowman warns against hiking interest rates due to inflation spike
Michelle Bowman, vice chair for supervision at the US Federal Reserve, during the Federal Reserve Board Community Bank Conference in…
Tag: Spike
Mortgage Rates Spike to 2026 Highs
Mortgage rates are driven by the bond market. Although bonds only experienced moderate, steady weakness throughout the day, mortgage rates…
Mortgage Applications Dropped Sharply in Response to The Recent Rate Spike
After the big spike seen 2 weeks ago, mortgage rates remained elevated enough to greatly dampen the demand for refinancing…
Why Didn’t Refi Demand Spike This Week?
As is the case almost every week of the year, the Mortgage Bankers Association released its weekly mortgage app survey…