Mortgage rates for a second home are also typically 0.25% to 0.50% higher than the rate for a primary residence, said Garth Graham, senior partner at Stratmor Group, a mortgage advisory firm. The rate is usually 0.50% to 0.75% higher for an investment property.

President Trump demanded on Wednesday that a Federal Reserve governor, Lisa Cook, “resign, now!!!,” citing unconfirmed allegations that she may have engaged in mortgage fraud, as the administration r...

The new focus on Cook is an expansion of the Trump administration’s intense pressure campaign against the Fed, specifically central bankers who aren’t perceived as allies of the president.