Mortgage rates hit a new yearly low before the Fed meets
Mortgage rates dropped to a new low for 2025 on Monday morning, reaching 6.25%. This decline follows disappointing manufacturing data from the New York Fed, which has caused bond yields to decrease. And mortgage spreads continue to adjust positively as they have all year. The question now is whether
Have Fed rate cuts already been priced into mortgage rates?
Last week, mortgage rates hit a new low for 2025, as the labor market proved more critical to the bond market than inflation. The big question is: what will happen after the Fed cuts rates this week? Last year at this time, mortgage rates hit a yearly low of nearly 6% and the Fed cut rates — only to
Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims
Mortgage documents have been at the center of an effort by President Donald Trump to fire Fed Governor Lisa Cook over alleged mortgage fraud, but a loan estimate from 2021, first seen and reported by Reuters on Friday, seems to undermine those allegations. The loan estimate for an Atlanta condo Cook
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