Nasdaq falls ahead of earnings, economic data while oil rallies

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Homeowners are taking out equity release to help their family, despite being worried about their own retirement plans, according to 63% of brokers surveyed by a building society. Furthermore, 47% of intermediaries said unlocking cash from homes to give away to loved ones is the most common reason for taking out a mortgage later…

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At June’s FOMC meeting, nine of the 18 officials who submitted projections indicated the federal funds rate should finish 2026 above its current range, with the median year-end estimate rising to 3.8% from 3.4% in March. Warsh declined to submit an individual forecast.  September now the meeting mortgage professionals must watch Mortgage rates have moved…

National lender and servicer Newrez reported positive earnings and touted opportunities amid ongoing economic volatility, as its leadership sees potential growth in new lending products and savings from artificial intelligence investments.  Processing Content With rising interest rates throughout the quarter dimming early-year enthusiasm for a significant bump in lending volumes, the company found itself able…