Technically and officially, today’s average top tier 30yr fixed mortgage rate is the highest since last Monday. The catch is that there hasn’t been much movement since then with the overall range being limited to 0.04%. Today’s jump was the largest upward movement during that time. There was some upward pressure on rates from stronger […]
Highest Rates in a Week But There’s a Catch Read More »
Maine’s governor signed new legislation last week, applying comprehensive regulations to originations of home equity investment products in classifying them as “residential mortgage loans.” Processing Content Gov. Janet Mills signed the bill into law following early April passage in both chambers of the state’s legislature. In labeling HEIs as “shared appreciation mortgage loans,” bill LD
Maine introduces bill to ‘effectively ban’ HEI contracts Read More »
Key takeaway: Federal Reserve Gov. Christopher Waller said he wants to consolidate the corporate functions of the 12 regional banks under one structure and create a role to oversee them. Expert quote: “Autonomy is a virtue, but not when it produces costly duplication that serves no one. We owe this to the American people we
Fed’s Waller calls for consolidating regional bank operations Read More »