Biden’s Mortgage Market! Mortgage Demand Rises 7.2% In Latest MBA Mortgage Application Print, But Still Purchase Demand Still Down 27% YoY And Refi Demand Down 41% YoY

by confoundedinterest17 The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage rates to do much today. Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) …

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An Entire Overpass Just Collapsed in Philly

by Chris Black All lanes are closed along with a bunch of secondary roads to make way for construction crews and emergency vehicles. Our infrastructure definitely isn’t crumbling though, don’t w… Continue reading by subscribing.

Trump just said the quiet part out loud…

DONALD TRUMP: “Don’t forget, this persecution is being done by the same weaponized agencies that for seven years have been running illegal psychological warfare campaigns against the American people” DONALD TRUMP: “Don’t forget, this persecution is being done by the …

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Federal Reserve issues FOMC statement: the Committee decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent.

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htm Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is …

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