Despite a plan to reduce staff by 96 percent, HUD says it will keep the lights on.
Loan demand is down and bank margins are squeezed. That translates to lower CD rates. The question is, how low will they go?
Lenders reported a bump in new mortgage applications in mid-April, but the uptick may turn out to have been more of a blip than an upswing in the trend line. The volume of new mortgage applications increased 5.3 percent in the week ended April 15 compared with the prior week, according to a survey conducted