Mortgage applications slide as rates near last year’s levels

Mike Fratantoni, SVP and chief economist at the Mortgage Bankers Association (MBA), told Mortgage Professional America following the July vote that the committee’s direction has become unmistakable. “The FOMC’s decision to hold the federal funds target at its current level, coupled with the three dissents at this meeting, with each of these dissenting members preferring…

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Solid Showing For Logical Reasons Tue, Aug 4 2026, 3:29 PM Solid Showing For Logical Reasons Money flooded back into both sides of the market in a major way (albeit more “major” for the stock market) after Bessent said we could be days away from a new deal on Hormuz transit. Oil…

Mastercard and Visa are the dominant global payment networks. Their systems allow you to tap your card to buy a coffee virtually anywhere in the world, and two seconds later you are walking away. It feels effortless, but behind that two-second transaction lies a complex global relay. Your bank confirms funds, the merchant’s bank requests…

The head of the General Services Administration signaled that the U.S. government could take an active role in the reimagining of the 250 acres between the National Mall and D.C.’s southwest waterfront. The government has been moving quickly to sell federally owned real estate in the city’s southwest federal corridor. So far, it has put the properties…