Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% during the week ending Sept. 6, according to the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased 1% from the…
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Many Americans are house-rich, thanks to a run up in home prices. But high borrowing costs make it harder to tap your home for cash.
The consumer price index rose by 2.5% in August, on an annual basis. It was the lowest reading since February 2021.
With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae’s CEO since 2022, both mortgage giants are now led by women for the first time in history.