Getty Images Processing Content Key Insight: Market watchers have expressed concern that the Trump administration’s threat of criminal charges against Fed Chair Jerome Powell can push mortgage interest rates up and devalue U.S. financial assets. Expert Quote: “At this point, Fed independence is on life support. It will be dead if the Senate confirms a […]
Markets, lawmakers scramble amid DOJ inquiry into Fed Read More »
Key insight: Federal Reserve Chair Jerome Powell said the central bank had been served subpoenas by the Department of Justice. Expert quote: “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure
Powell says DOJ served Fed subpoenas, threatened indictment Read More »
Mortgage rates are either higher or lower today, depending on the lender in question. Some lenders raised rates on Friday afternoon in response to weakness in the bond market (lenders set rates based on the trading levels of MBS, the bonds that underlie the mortgage market). Those lenders are actually slightly lower today. Lenders who
Mortgage Rates Inch Higher From 3 Year Lows Read More »