Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose ground, rates rise, all else equal. Mortgage rates were already fairly close to longer-term highs last week. Today’s increase was just enough to nudge the average top-tier 30yr fixed rate to 6.87%–the […]
Highest Mortgage Rates in Over a Year, But Just Barely Read More »
Rocket Cos. appoints Alessio Sanfilippo as CEO of Redfin Redfin CEO Alessio Sanfilippo Rocket Cos. named Alessio Sanfilippo CEO of its Redfin subsidiary. Sanfilippo joins Redfin from Meta, where he served as vice president of insights for Reality Labs, leading global teams across data science, data engineering and user research. He previously captained data and
Rocket names Redfin CEO, Veterans United adds to c-suite Read More »
Key insight: The House’s top priority fresh off August recess is considering the continuing resolution to keep the government fully funded until Dec. 11. Forward look: The House will try to pass the bill under a suspension of the rules, speeding the process for a vote but requiring a two-thirds majority to pass. What’s at
House to vote on short-term government funding bill Read More »