Credit Union ONE announced on Tuesday that it has acquired Icon Mortgage. A press release confirmed that Michigan-based Credit Union ONE will retain all employees from Icon Mortgage, including senior leadership, and “intends to operate the company as a separate mortgage lending affiliate.” The terms of the transaction were not disclosed. Credit Union ONE did not […]
Credit Union ONE acquires Icon Mortgage Read More »
Homebuilders in America are cheering, not because of the disappointing housing permit data released today, but because mortgage rates are near 6%. We have seen four consecutive months of job losses in residential construction labor, as mortgage rates have been elevated and builders’ inventory has been piling up. Housing permits, which have been declining since early 2022,
Disappointing housing permits show why we need 6% mortgage rates Read More »
What’s at stake: The Federal Reserve’s interest rate-setting body is expected to cut the federal funds rate by 25 basis points, but markets are also listening for hints of further and/or deeper cuts in the coming months. Expert quote: “There’s the possibility that the Fed will be sending mixed messages because the consensus probably won’t
Fed watchers anticipate rate cuts, watch for dissents Read More »