As expected by virtually all market participants, the Federal Reserve maintained its short-term policy interest rate between 5.25% and 5.5%.
Lower mortgage rates earlier in the week ending June 7 meant a strong increase in refinance activity, particularly for VA borrowers.
EasyKnock announced a partnership with FinLocker that will make FinLocker’s tools available free of charge to EasyKnock customers.
A New Zealand mayor has faced backlash for suggesting reverse mortgages could be used to fund rising rates akin to U.S. property taxes.