The latest mortgage interest rate drop didn’t change refinancing incentives in the conventional securitized market, but a subsequent decline could, a new FHN Financial report shows. Primary mortgage rates’ dropped roughly 20 basis points in the past month to around 6.6%. The largest range of loans bucketed together in the securitized market and exposed to […]
Why the next rate drop could unlock a $300B refi wave Read More »
Bloomberg News President Donald Trump fired Federal Reserve Gov. Lisa Cook from her post in a Monday night social media post, the first time a Federal Reserve Governor has ever been removed by a president. In a move that is all but certain to ignite an unprecedented legal fight over the Fed’s independence, Trump posted
Trump fires Fed Gov. Lisa Cook ‘effective immediately’ Read More »
Vitalii Vodolazskyi – stock.adob Banks are coming out in support of the Trump administration’s move to repeal Community Reinvestment Act regulations finalized in 2023, despite known flaws with the decades-old status quo. They argue that a flawed but manageable rule is preferable to a flawed and unmanageable one. In a recent comment letter submitted to
Even opponents of Biden CRA want to preserve part of the rule Read More »