Category: Industry News

Mortgage rates reverse course, moving lower for the first time in more than two months

Fixed mortgage rates, which have been on a tear since the presidential election, retreated this week, falling for the first time in nine weeks.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.2 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.32 percent a week ago and 3.97 percent a year ago.

 

Read the source article at The Washington Post

CFPB fines TransUnion and Equifax for deceiving consumers with their marketing

HousingWire first broke the news late last week that TransUnion would pay just shy of $17 million as part of a settlement with the CFPB, as revealed by a company filing with the Securities and Exchange Commission. As it turns out, there’s more. Today, the CFPB’s report revealed Equifax was fined too. Click the headline for more information.

Read the source article at U.S. Housing Finance News