Mortgages

Treasuries surged and investors boosted their bets on Federal Reserve interest-rate cuts Monday as fear of a economic slowdown took hold across US markets.

The builder's lending unit bought servicing and secondary market approvals that weren't part of Guild's previous acquisition of CCM's production and branding.

As the 30-year fixed-rate declined by almost 20 basis points, borrowers took advantage, boosting rate-and-term transaction volumes, Optimal Blue said.

The legislation is aimed at loosening regulation of new-home construction in the Grand Canyon State, where median prices have shot up by 59% since 2020.

The advances pushed the yield on three- to 10-year yields lower by 10 basis points on Monday, with the moves accelerating as US equities sold off.

Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, it said in a statement.

The postponement would pertain to Federal Housing Administration-insured single- and multifamily loans and other final determination dates that have not passed.

American lumber producers have alleged that the Canadian lumber system amounts to a subsidy — a charge Canadians deny — and the countries have fought over tariffs on those products for decades.

More than two-thirds of the counties most at risk of a housing downturn were concentrated in five states, according to a new report from Attom.

The Fannie Mae Home Purchase Sentiment's February drop is looking like a precursor for what might be a difficult 2025 Spring homebuying season.