Mortgage News
Jan 04, 2019
Jobs report was released today, and rates jumped signifyingly, completely counteracting the significant drop in mortgage rates we saw just yesterday; rates dropped to the lowest levels in practically a year. Yesterday witnessed the largest drop in mortgage rates in a single day. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.54% (+0.10%)• 15-year (FRM) rates at 4.11% (+0.06%)...
Jan 03, 2019
Increased efficiency and improved profitability for independent lenders is the look for 2019. The digital mortgage space is continuing to elevate the game. Digital mortgage point-of-sale provider, Maxwell reported "lenders on our platform are closing loans 45% faster than the national average, collecting docs ...
Dec 31, 2018
Many homeowners and potential borrowers are wondering what effect the Federal Government shutdown have on mortgage rates. Well, according to HUD, "A protracted shutdown could see a decline in home sales, reversing the trend toward a strengthening market we've been seeing". The five federal agencies that support the mortgage industry, HUD, IRS, Dept. of Agriculture, Fannie and Freddie, Dept. of Vet Affairs, will certainly...
Dec 28, 2018
October reflected an increase in Pender Home Sales compared to the 10-month decline (year-over-year). November failed to bring the heat that Econoday analysts predicted. In fact, Pending Home Sales in November were down .7%, vs. October.&...
Dec 27, 2018
Majority of mortgage rates went unchanged for the second day in a row. Amidst the new home sales slowdown, Housing Price Index for the month of October shows sales were slightly higher versus year over year. &...
Dec 26, 2018
With the holidays in full swing, it’s no wonder mortgage rates were mostly unchanged today. Although, there were few cases rates were higher. Those lenders that were unchanged today, however, will most certainly be higher tomorrow unless the bond market has a hard-hitting comeback. ...
Dec 21, 2018
Although mortgage rates were slightly higher in most cases today, analysts are indicating rates may have hit the floor, post the Fed announcement Wednesday. Based on the trends in the bond market this last couple weeks, the commentary is that mortgage rate may see improvement soon. ...
Dec 20, 2018
In general, mortgage rates were flat today (mostly unchanged) post Fed announcement, yesterday. Rates are close to the lows we saw nearly 4 months ago. The losses in the Stock market yesterday also made a mark on rates today. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.64% (+0.01%)• 15-year (FRM) rates at 4.20% (+0.01%)• FHA 30-year Fixed rates at 4.23% (+0.01%)...
Dec 18, 2018
Tomorrow is the always-anticipated Fed announcement; which includes a press conference with Fed Chair Powell. This can lead to plenty of volatility for mortgage rates Wednesday, post Fed forecasts and press conference, as well as a mark in the sand for trends over the next couple weeks (good or bad). As of today, however, rates dropped again for the second day in a row. Bookmark this page for mortgage...
Dec 12, 2018
Mortgage rates look to be in the midst of a bounce, as bond markets continue to weaken into day 3. Next weeks Fed announcement will certainly have the market on the edge until then, as the announcement will mark the big move for bonds and rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.71% (+0.01%)• 15-year (FRM) rates at 4.25% (+0.02%)• FHA 30-year Fixed rates at 4.25% ...
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Lisa Stepp
RBS Citizens
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