As U.S. home mortgage rates dipped to new three-year lows, mortgage applications to buy or refinance a home increased in early September, the Mortgage Banking Association’s weekly data show. So reports Reuters.

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.

By Dave Hershman, Senior Vice President, Sales of Weichert Financial