Treasuries rose, led by short-dated notes, after a reading on wholesale inflation came in weaker than expected, cementing bets that the Federal Reserve will start to cut interest rates next week. The yield on two-year notes, which closely track expected moves by the Fed, fell as much as four basis points to 3.52%, while the […]
Treasuries gain as wholesale inflation unexpectedly declines Read More »
Recent mortgage fraud discussions have been centered on high-profile occupancy misrepresentation cases, but the bigger question is how these claims can be proven and what level of risk they pose to the industry. For one, the allegations to date, such as a Trump administration criminal referral that a Federal Reserve Board member is fighting, typically
Occupancy fraud scrutiny raises questions for lenders Read More »
US mortgage rates declined last week to an almost one-year low, sparking a surge in refinancing activity and encouraging prospective buyers to step off the sidelines. The contract rate on a 30-year mortgage fell 15 basis points to 6.49% in the week ended Sept. 5, according to Mortgage Bankers Association data released Wednesday. Rates on
US mortgage rates at 11-month low rekindle home finance activity Read More »