Federal Reserve Board (FRB)

Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Deep divisions inside the Fed and a murky rate outlook could keep mortgage pricing volatile and borrower urgency uneven