Origination news
The average credit score nationwide rose four points from last year to 673 points, according to Experian.
Mortgage application volume decreased 9.4% from one week earlier as key interest rates hit their highest level since July 2015, according to the Mortgage Bankers Association.
President-elect Donald Trump's imminent choice for Commerce secretary is a billionaire investor who swooped in to prop up troubled banks after the financial meltdown. Some members of the banking world, including regulators, may be glad he was picked for Commerce chief instead of Treasury secretary.
Treasury Secretary-designate Steven Mnuchin wasted no time Wednesday wading into one of the thorniest debates in the financial services arena, saying the Trump administration would seek to end government control of Fannie Mae and Freddie Mac.
Dallas-area homebuyers saw some of the biggest price increases in the country in August.
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