Mortgage rates rose this week as the latest Consumer Price Index report further dashed hopes in some minds for a Federal Open Market Committee reduction in short-term rates at its July meeting. “The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%,” said Sam Khater, Freddie Mac […]
Mortgage rates rise as investors react to inflation news Read More »
The dollar rose after a better-than-estimated retail sales report and a drop in jobless claims reinforced speculation the Federal Reserve will stay on hold for now. Stocks and bonds wavered. The greenback resumed its month-to-date climb while the S&P 500 and bond yields were little changed. Money markets are pricing fewer than two Fed rate
Treasury yields and dollar rise after retail sales Read More »
To help mortgage professionals keep up with a flood of new AI jargon, the Mortgage Industry Standards Maintenance Organization has released a draft glossary of 42 terms — from “algorithm” to “hallucination.” The list is an effort to standardize the meaning of words and phrases that are increasingly part of everyday speech for professionals across
MISMO AI glossary tackles deepfakes, bias, and fraud risks Read More »