Bill Bodnar from the Mortgage Market Guide discusses the Fed rate cut and the awkward conversations those in the mortgage business are likely having with clients these days.

The Freddie Mac 30-year average inched back up to 3.56% last week after dipping to 3.49% the previous week. And, just like that, the population of high-quality refinance candidates fell by almost 2 million to 9.8million, according to data from Black Knight.

Fidelity National Financial has announced that it is calling off its proposed purchase of Stewart Information Services Corp., citing opposition by the Federal Trade Commission. So reports MarketWatch.

Trump administration officials advocated for their plan to bring Fannie Mae and Freddie Mac toward private ownership last week in the face of sharp criticism from Democratic senators. So reports the Associated Press.