Last week, Consumer Financial Protection Bureau Director Kathy Kraninger gave her semi-annual report before the House Financial Services Committee and the Senate Banking Committee. And the Financial Accounting Standards Board announced that it will delay the implementation date of the Current Expected Credit Loss standard for small public companies and private companies.

We saw a downward turn in mortgage rates in late 2018, which started when there was a flight to quality in response to concerns about a slowdown in the global economy and trade tensions between the U.S. and China. The drop in mortgage rates led to a revival in the refinance market in 2019.

A record-high 26 percent of home searchers looked to move to another metro area in the third quarter, up from 25 percent the year before, said Redfin, Seattle.