Grateful Dead founding member Bob Weir dead
Digest more
Mortgage rates fell 22 basis points after President Donald Trump instructed mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed bonds, or MBS. Analysts predict that $200 billion of MBS purchases could drive a 25 to 50 basis point drop in mortgage rates. CNBC's Diana Olick breaks it down.
Weir, a co-founded of The Grateful Dead, died on Saturday after dealing with "underlying lung issues," according to an official statement posted on his social media pages. The beloved guitarist and vocalist was 78.