Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims
The loan estimate for an Atlanta condo Cook bought in 2021 shows that Cook declared the property a “vacation home,” not a primary residence.
Federal Reserve
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Can mortgage rates get below 6% with this Federal Reserve?
Mortgage rates dropped to 6.29% last week after the jobs report, but economic factors can only do so much without help from the Fed.
Treasury eyes Bowman, Jefferson and Logan for Fed Chair
However, additional candidates will be interviewed in the coming weeks, Bloomberg reported.
Trump taps economic adviser Stephen Miran for Fed board seat
Miran, who currently chairs the Council of Economic Advisers, is being appointed to serve the remainder of a term that expires in early 2026.
The Fed could cut rates in September. Mortgage pros are skeptical of the impact
While many expect the Federal Reserve to cut interest rates at its September meeting, mortgage professionals caution that even if it happens, it won’t significantly impact the industry.
Single-family construction is getting worse due to rates
Thanks to Fed policy, data on single-family construction is not improving; in fact, it is getting worse.
The battle over rates: Trump vs. Fed Chair Jerome Powell
Lead Analyst Logan Mohtashami has been tracking the battle over rates between Trump and Fed Chairman Jerome Powell since the election.
Have slightly lower mortgage rates stabilized the housing market?
With all the Fed drama last week, the 10-year yield declined and mortgage rates fell to 6.72%. This small move helped stabilize the market.
Stable mortgage rate environment reshapes how LOs engage with borrowers
In a rare period of rate stability, lenders say that borrower mindsets — not numbers — may unlock market momentum.
The mortgage market hopes for rate cuts amid war moves
Amid rising tensions with Iran and a potential Fed rate cut on the horizon, experts share how these events could shape the mortgage market