For the first time in six weeks, the 30-year fixed rate mortgage declined, but it is still 9 basis points above one year ago at this time and 69 basis points over February’s low point, the Freddie Mac Primary Mortgage Market Survey reported. Processing Content The 30-year FRM averaged 6.67% on Aug. 13, down from […]

Figure Technology Solutions is on a hot streak with another profitable quarter, surpassing Wall Street expectations. Processing Content The fintech posted an $87 million profit for the second quarter, its strongest-ever quarterly mark, which beat a Standard & Poor’s consensus estimate of $58 million. Since going public last September, Figure has consistently posted positive earnings

(Bloomberg) — Goldman Sachs Group Inc.’s Robert Kaplan said the Federal Reserve made “absolutely” the right call by not raising interest rates in July and urged policymakers to keep an open mind through September, citing a complex mix of inflationary and disinflationary “crosscurrents” making rigid forward guidance counterproductive. Processing Content “If I see meaningful improvement,