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Even if he was so-inclined to do so, President Trump might not be able to unilaterally release the government-sponsored enterprises from conservatorship because of the U.S. Supreme Court tariff ruling, a BTIG analyst report postulates.Processing ContentSince Feb. 13, with the exception of Feb.18, mortgage rates have been under 6%, reaching...
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A New York court ruled against U.S. Bank in its effort to retroactively pursue a years-long foreclosure case that the state deemed unenforceable. Processing ContentA New York appellate court denied an appeal by the bank to reverse a 2023 legal decision that stated the bank's attempt to foreclose on defendant John...
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Typically, mortgage rates fall shortly after geopolitical incidents unfold.This time, they bounced higher on the Iran attack news, with 10-year bond yields climbing a big nine basis points on the day.That will result in higher 30-year fixed mortgage rates just days after a joint U.S.-Israeli operation took out Iranian leadership....
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In times past, an armed conflict involving the US would cause treasuries to rally, at least short-dated ones since they would be the beneficiary of a 'flight to quality' rally but $30T in debt may have changed that perception. Processing ContentAfter the attack on Iran, not only have treasuries not...
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