Mortgage News
Oct 05, 2020
The delinquency rate in late summer was 6.88%. That's 3.6% above the pre-pandemic level, however down 0.03% month-over-month. The change from July to August change was less than the changes from...
Oct 02, 2020
By now, you've heard that President Trump was diagnosed with COVID. While the market fell initially because of the news, it did not go down ne...
Sep 28, 2020
Non-conventional loans had a substantial increase in financing new purchases in 2019. The NAHB says while conventional loans dominated purchases, ...
Sep 25, 2020
The stock market demonstrated a few different movements on the bond market. While a correlation is still evident, Treasuries are refusing to budge...
Sep 23, 2020
Applications for both refis and purchasing remain strong. The Refinance Index increased by 9% from the previous week and is 86% higher than the sa...
Sep 21, 2020
Fannie Mae has updated its forecast for the third-quarter gross and now expects growth at an annualized speed of 30.4%. Experts agree that c...
Sep 18, 2020
The decline continues in the number of mortgage loans in forbearance. That makes it 4 weeks straight, dropping by about 26,000 or 0.7% to roughly ...
Sep 16, 2020
Notable Federal changes every lender should know: 2% inflation now has a specific goal of "moderately above 2% so that it averages 2% over time and bond-buying now considered an "acco...
Sep 14, 2020
Nobody could blame you if you wanted to lock in the rate today. Rates started at the last month's fourth-lowest level, which isn't far fro...
Sep 11, 2020
The quantity of mortgages in forbearance proceeded to dwindle this last week. Almost 66,000 fewer homeowners in Over the previous 30 days, the dec...
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