Rocket is being sued for allegedly directing clients to its mortgage business and away from cheaper loan options. Processing Content Three plaintiffs filed the suit Monday in the U.S. District Court for the Eastern District of Michigan. They accused Rocket of exploiting the “vulnerability of homebuyers for profit,” by steering prospective borrowers to use their […]
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After opening softer yesterday, treasuries caught bids just after 9:00 which carried the 5-year yield below Monday’s low while the 10-year yield fell just short, but the rallies ended shortly after a much weaker than expected Consumer Confidence number came out at 10:00. Processing Content The FOMC meeting is at 2:00 this afternoon but there
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US mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. In the previous week, home-financing
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