Mortgage rates continued their unrelenting upward ... (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images) While the federal funds rate is not what consumers pay directly ...

Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on ...

"So the current mortgage rate environment that we have today may be persistent for years to come, barring unanticipated economic swings." Get a brief on the top business stories of the week ...

The lender announced it will limit home loan offerings to select customers VIEW Press / Contributor / Getty Images Wells Fargo ... The shift to pare down its mortgage business will result in ...

The 30-year fixed-rate mortgage averaged 7.09% over the week ... Kevin Dietsch/Getty Images In June, a major upward revision of government data showed gross domestic product increased at a 2% ...

according to mortgage finance giant Freddie Mac. A "For Sale" sign in front of a home in Sacramento, Calif., Dec. 5, 2022. Bloomberg via Getty Images "I've seen more homes go under contract this ...

As they sought support in Washington for government certification as a community lender, the creators of the mortgage business that was to become the Change Company presented themselves to the ...