Inflation continued to edge down in November on a monthly basis, reinforcing the likelihood that the Federal Reserve holds interest rates steady at its final meeting of the year on Wednesday.Consumer prices were up 3.1% in November from a year earlier, down from 3.2% in October, according to data re

In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory.Lock volume declined 10% last month from October, driven by a 12% drop

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns, a tool more widely used by builders since their business is selling homes and clearing inventory. Resear

Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.The bank received Matter Requiring Attention (MRA) notice from the Consumer Financial Protection Bureau