Chris Kleponis/Bloomberg WASHINGTON — President Donald Trump signed an executive order meant to combat so-called debanking in the financial system. The order tells bank regulators to ensure that banks aren’t cutting off consumer access to accounts for political reasons. It also tells the regulators to remove reputational risk from their supervision handbooks, a step that […]
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Consumer housing confidence improved slightly in July, with Americans feeling more confident about the economy even as many worry about whether they can buy a house themselves. Fannie Mae’s Home Purchase Sentiment Index rose in July to 71.8, two points higher than June. That’s close to where it was a year ago and right in
Buyers are gloomy. Here’s what they might be missing Read More »
A surprising July jobs report, which included downward revisions to early 2025 data, drove mortgage rates to their lowest mark in months, Freddie Mac reported. The 30-year fixed-rate average decreased to 6.63% as of Aug. 7, according to the government-sponsored enterprise’s weekly Primary Mortgage Market survey. The average dropped 9 basis points from 6.72% in
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