Mortgage News: Discount Rate, Weekly Survey & D & I


The Feds led by Jerome Powell announced yesterday, discount rates would remain unchanged.  Although Donald Trump has been up to his usual antics of butting in to agencies which demand independence, Powell has been clear and intimated to Trump to stop harassing him or threatening to fire him.


Here is his remarks about why there was no need to change rates.


This week’s mortgage rate survey

June 20, 2019

30-Yr FRM 15-Yr FRM 5/1-Yr ARM
Average Rates 3.84 % 3.25 % 3.48 %
Fees & Points 0.5 0.4 0.4
Margin N/A N/A 2.76

Diversity & Inclusion

While some will swear congress, specifically the House of Representative is doing nothing for the people was they are mired down in whether to impeach Donald Trump or not, in fact there is lots going on.

One such group, the Financial Services Committee has been busy (in addition to coordinating impeachment discussion) hold critical hearings about financial issues affecting the American people.  Today, they held a very important hearing on Corporate Diversity & Inclusion.

Here is the full hearing