New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again
Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations
Plan could ease reviews of lower-risk mortgage technology while preserving lender responsibility for vendor failures
Markets overwhelmingly expect a quarter-point hike, but the Fed’s projections and the bond market’s response may matter more to originators
Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next
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