Key takeaway: Fed Gov. Stephen Miran said he could now foresee three short-term interest rate cuts instead of four, citing shifts in the underlying composition of headline inflation. Expert Quote: “What’s happened in the last couple of months before the war broke out is that even though headline inflation was going sideways, the underlying composition […]
Fed’s Miran downplays inflation risks, rethinks rate cuts Read More »
Mortgage rates fell 7 basis points this week to their lowest point in four weeks, as investors reacted to news the conflict with Iran might soon be resolved. Processing Content The 30-year fixed-rate mortgage averaged 6.3% as of April 16, down from last week’s 6.37%, the Freddie Mac Primary Mortgage Market Survey found. A year
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Mortgage software provider Dark Matter Technologies has promoted its chief technology officer Vikas Rao to CEO in a move aimed at positioning itself to best compete in the artificial intelligence age. Processing Content Rao replaces Sean Dugan, who headed the company for just over a year after previously serving as its chief revenue officer. Formed
Dark Matter names AI-focused CEO, cuts staff Read More »