Mortgage spreads keeping housing demand intact for now 

Mortgage spreads are once again playing our friendly neighborhood housing hero by keeping mortgage rates under 7% in a crazy, hectic year. This has allowed housing to stay intact, sales-wise. While sales in our weekly tracker data have slowed down, as they typically do once mortgage rates get above
Will the negative jobs report hold off a September rate hike?

The Fed hawks must feel very awkward today. Before the July Fed meeting, Fed Governor Chris Waller said that if the July CPI report came in hot, a July rate hike would be on the table. Since that day, CPI inflation came in as a big miss, PPI inflation came in as a big miss, and today the jobs number
Trump reportedly renews bid to oust Fed Gov. Lisa Cook

President Donald Trump is reportedly moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations.  The White House this week sent Cook a letter stating the president is “considering” removing her and demanding she respond to the allegations within t
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