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Still, assuming Wells Fargo’s forecast that the Fed has finished hiking interest rates and will lower them next year is accurate, mortgage rates should also move lower, Dougherty and Barley wrote.
Mortgage rates have already begun to fall in anticipation of the Fed’s rate-cutting cycle. The standard 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, according to ...
A notice Wells Fargo filed with the state says ... with interest rates on ... Thursday's announcement came as Iowa Workforce Development announced the state's unemployment rate had ticked up to 2. ...
As the mortgage market revived in the mid-1990s, Golden West Financial Corporation expanded its reach to the east coast of the United States as struggling savings and loan associations were put up for sale. By 1995, Golden West held $31 billion in assets, making it the third largest mortgage lender in the country.
The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage ...
In the summer of 1984, Norwest Mortgage lost nearly $100 million from an unsuccessful effort to hedge its mounting interest-rate risk on adjustable-rate mortgages. The loan losses and the mortgage debacle led to a drop in net income from $125.2 million in 1983 to $69.5 million in 1984.
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