Facebook, which has been accused recently of everything short of disappearing Jimmy Hoffa, is in more hot water. The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Facebook with violating the Fair Housing Act. HUD said the huge social media platform had encouraged and enabled and thus has caused housing discrimination. The Charge, filed though HUD's office of Administrative Law Judges states that, " Because of the way [Facebook] designed its advertising platform, ads for housing and housing-related services are shown to large audiences that are severely biased based on characteristics protected by the Act , such as audiences of tens of thousands of users that are nearly all men or nearly all women. " HUD says Facebook charges advertisers for the ability

March 28, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Mar 28, 2019 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.45 -0.14   95.05 100.47 UMBS 30YR 5.5 101.00 -0.03   97.47 101.61 10 YR Treasury 4.112 +0.031   3.706 4.780 MBS Live Day Ahead: A Few Ways to Guard Against a Reversal Thu, Mar 28, 2019 9:40AM It's no secret that bonds have rallied impressively in March.  The bigger and faster a rally is, the more we may worry about the risk of a bounce.  To be sure, bounces will happen.  They can be healthy byproducts of a big move or they ... (read more) MBS Live Recap: How Low Can We Go? Wed, Mar 27, 2019 5:36PM The notion of contrarian indicators is pretty interesting when it comes to the bond market, at least when it comes to investor sentiment.  I take part in my fair share of sentiment surveys and have had a few occasions to talk to the strategy desks that conduct them.  In a moment of analyst to analyst candor, I was once told that most trade desks ... (read more) MBS Price Change UMBS 4.5 97.38 -0.25 UMBS 5.0 99.44 -0.15 UMBS 5.5 100.97 -0.06 GNMA 4.5 97.62 -0.40 GNMA 5.0 99.74 -0.08 GNMA 5.5 100.88 -0.01 Pricing as of: 9/18 10:25AM EST US Treasury Yield Change 2 YR Treasury 3.576 +0.012 5 YR Treasury 3.677 +0.021 7 YR Treasury 3.870 +0.030 10 YR Treasury 4.118 +0.037 30 YR Treasury 4.728 +0.040 Pricing as of: 9/18 10:25AM EST Other News HUD Sues Facebook Over Housing Discrimination Thu, Mar 28, 2019 12:00PM Facebook, which has been accused recently of everything short of disappearing Jimmy Hoffa, is in more hot water. The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Facebook with violating the Fair Housing Act. HUD said the huge social media platform had encouraged and enabled and thus has caused housing discriminat... (read more) Pending Home Sales Shed a Bit of January's Momentum Thu, Mar 28, 2019 11:06AM Pending home sales fell again in February. The National Association of Realtors® said its Pending Home Sales Index (PHSI) declined by 1.0 percent compared to January to a level of 101.9. The index is now 4.9 percent lower than a year earlier, marking the 14th straight month of annual decreases. The South and the West posted slight gains while the other t... (read more) No Surprise: Ambitious Plan to "Fix" Entire Housing Market Met With Mixed Reaction Thu, Mar 28, 2019 8:37AM Does the entire housing market need fixing? Senator Mike Crapo thinks so, and he has a gargantuan reform proposal on the table to prove it (covered here in February). Witnesses called to testify before The Senate Committee on Banking, Housing, and Urban Affairs this week weren't universally convinced, but acknowledged potential in several areas. Crapo's prep... (read more) LO Jobs; Fannie/Freddie Changes; President to Promote Competition Using Housing Policy Thu, Mar 28, 2019 9:02AM Be careful with your advertising! HUD announced today that it is charging Facebook with violating the Fair Housing Act by encouraging, enabling, and causing housing discrimination through the company’s advertising platform. Not a happy situation. Are you happy? Does “happiness” depend on what state you live in (geographically, not emotional... (read more) Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Reuters Wall Street inches up on trade optimism but growth worries weigh Bloomberg Mortgage Bond Market on Edge After a Spike in Home Refinancings CNBC Mortgage rates see biggest weekly drop in a decade NAHB Eye on Housing Bathroom Linen Closets Are Most Wanted Bathroom Feature CNBC Pending home sales drop 1% in February, despite lower mortgage rates Bloomberg The ECB Is Struggling With Three Big Questions Calculated Risk Blog Q4 GDP Revised Down to 2.2% Annual Rate Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 211,000 CNBC US GDP fourth-quarter final reading up 2.2%, as expected CNBC Here's the major risk facing the rally in homebuilding stocks Reuters Bond yields keep falling, stocks try to steady CNBC The bond market has been spooked and so the big interest rate slide is likely not over Reuters S&P 500 slides, bond yields fall on slowdown worries

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.