Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.

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Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

The Federal Reserve Open Markets Committee’s announcement that it will taper—or slow—its rate of bond buying in November and December probably won’t cause mortgage rates to jump, but it could mean a slow and steady increase. So reports Bankrate.com.

MBAThe Mortgage Bankers Association’s chief economist, Mike Fratantoni, said that the Fed’s move was expected and wouldn’t affect its forecast that rates on 30-year mortgages will rise to roughly 4% by year-end.

Lynn Reaser, chief economist at Point Loma University in San Diego, said that the new Fed landscape appears to be “already priced in” by markets.

Read the full article from Bankrate.com.

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