Key insight: The Federal Reserve’s move to cut rates was bolstered by growing concern over a softening labor market. Expert quote: “Almost everyone wrote down support for this cut. Some supported more cuts, and some didn’t — and that’s just how it is,” — Fed Chair Jerome Powell What’s at stake: Despite the Fed moving […]
More rate cuts eyed as Fed zeroes in on soft labor market Read More »
If You’re One of Those People Asking How Much Lower Your Mortgage Rate Quote is After Fed Day, This is Required Reading It’s day two of mortgage rates surging higher–now back to the highest levels in 2 weeks (the day before the September 5th jobs report). The juxtaposition of yesterday’s Fed rate cut and the
New data shows growing use of product, pricing and eligibility engines has given nonbank mortgage executives, their loan officers and others more immediate access to capital-markets information that could be a competitive advantage. It also points to opportunities that could jumpstart mortgage professionals’ careers, depending on their goals and interest in these developments. Most of
Why cap markets tech use has grown and what it means for LOs Read More »