Mortgage rates climb further this week, rising 8 basis points to their highest in nearly a year, the Freddie Mac Primary Mortgage Market Survey reported. Processing Content This is the fourth consecutive week of increases and it comes as the 10-year Treasury, likely in reaction to yesterday’s news from the Federal Open Market Committee, broke […]
Mortgage rates keep rising, when will it end? Read More »
The Senate confirmed Jay Clayton as the Trump administration’s spy chief, replacing an interim candidate who sparked broad concerns about the powerful role being used to influence US elections. Processing Content Clayton, who was the top federal prosecutor in Manhattan, was confirmed as director of national intelligence by a vote of 51 to 47. Jay
Senate confirms Clayton to replace Pulte as Trump spy chief Read More »
Favorable shifts in loan loss reserves helped fuel a jump in Freddie Mac’s net income to a high not seen in years as it nearly matched its opponent in efforts to purchase home mortgages from private companies. Processing Content Freddie generated $3.8 billion worth of earnings that were up 60% from the same period a
Freddie Mac’s earnings soar, competition for loans heats up Read More »