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MBA Advocacy Update: Senators Include Amendment to Curb Abusive Use of Trigger Leads in Key NDAA Package
This week’s top legislative and policy news from the Mortgage Bankers Association.
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MBA Chart of the Week: Target Fed Funds Rate
The FOMC lowered the target Fed Funds rate by 50 basis points at its September meeting and signaled that this is the first cut in a series that is expected to bring the Fed Funds rate down by about 2 percentage points by the end of 2025.
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ATTOM: Home Flipping Activity Dips, but Profits Up in Q2
ATTOM, Irvine, Calif., released its second-quarter 2024 U.S. Home Flipping Report, finding that 79,540 single-family homes and condos were flipped in the quarter.