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Mortgage applications edge lower in the last week – Composite Index: -1.4% vs. -1.9% (W/W). Purchase Index: -3.0% vs. -2.0%. Refinance Index: +0.1% vs. -2.0%. 30 year mortgage rate remains unchanged at 4.08%..
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Federal Home Loan Mortgage beats on revenue – Federal Home Loan Mortgage (OTCQB:FMCC): Q2 GAAP EPS of -$0.10. Revenue of $3.36B (-7.7% Y/Y) beats by $290M..
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