Second-quarter growth may look crummy

Don’t look now, but the bottom is falling out of analysts’ estimates of how fast the economy grew from April to June. As recently as Monday, forecasters figured that gross domestic product grew at a 3% to 3.5% rate in the second quarter — not fast enough for anyone to crow about, given that the US economy is producing far below its potential, but at least fast enough that the nation seemed to be gaining economic ground.

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UWM announces 1.99% rate for 30-year fixed mortgage

United Wholesale Mortgage announced Tuesday it is rolling out a new loan program that offers borrowers an interest rate as low as 1.99% for both purchase mortgages and refinances.

Aug 11, 2020 By

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New fee on mortgage refinances could cost homeowners $1,400

On Wednesday night the FHFA rolled out a new adverse market refinance fee of 0.5%, which will be assessed for loans sold to Fannie Mae or Freddie Mac after Sept. 1.

Aug 13, 2020 By
3d rendering of a row of luxury townhouses along a street

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