For all practical purposes, Friday’s mortgage rates were unchanged versus Thursday’s, but if we’re splitting hairs, the average lender rose 0.01% to 6.77% for a top tier 30yr fixed. While many news outlets continue focusing on the mid-week announcement regarding Treasury’s bond buyback program, today’s bond market volatility was unrelated. Current levels are close to […]
Mortgage Rates Drift Modestly Higher Read More »
The Trump administration dismissed a dozen senior staff from mortgage giant Fannie Mae this week, according to an official familiar with the matter, the latest move in a push to remake the lender. Processing Content The 12 positions were eliminated Wednesday, according to the official, speaking on condition of anonymity to describe the action. Some
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Luminate Bank is expanding its presence across the Midwest and central United States with the acquisition of First State Mortgage Services, the companies announced Thursday. Processing Content As part of the deal, 43 members of the First State Mortgage team will join the Minneapolis-based bank, including roughly 26 originators and CEO Rene Shaffer. The financial
Luminate Bank acquires First State Mortgage, 26 originators Read More »