The federal government shutdown and the resulting delay in the monthly employment report was the catalyst for the small movement in mortgage rates this past week. This data “would have been a key market mover for mortgage rates, offering insight into how much the Federal Reserve might adjust monetary policy in response to a cooling […]
How mortgage rates have been affected by federal shutdown Read More »
President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks. A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, are helping put an S&P gauge of builders
Lagging builder stocks face new worry from Bill Pulte’s ire Read More »
Bill Pulte, the head of the oversight agency for Fannie Mae and Freddie Mac, signaled that he will be taking steps to follow up on President Trump’s call for them to put a new focus on home construction companies. One step will involve tracking megabuilders’ business, Federal Housing Finance Agency Director Pulte indicated in an
Pulte hints at how Fannie, Freddie may spur builder activity Read More »