Texas freeze, rate jump drive a week of stalled mortgage app activity
Severe winter weather and another hike in mortgage rates stifled loan volume for the week, according to the Mortgage Bankers Association.
Mortgage Rates
Texas storm deflates mortgage application numbers
Mortgage applications fell last week by more than 11%, with experts blaming the low numbers on the unprecedented winter storm that hit Texas.
The post Texas storm deflates mortgage application numbers appeared first on HousingWire.
Why Does Everyone Want Us to Pay Down Our Mortgages?
You may have come across one of those articles lately that talks about how a couple paid off their mortgage in five years. Or some other absurdly-fast timeline. While it also sounds super enticing and perhaps inspiring, it’s often just a feel-good story that may not actually make a lot of sense financially. At least [&hellip
The post Why Does Everyone Want Us to Pay Down Our Mortgages? first appeared on The Truth About Mortgage.
U.S. existing-home sales unexpectedly rise to three-month high
âSales could be even higher,â if more homes were put on the market, NARâs chief economist Lawrence Yun said
Mortgage hedgers wonât add fuel to rates fire, JPMorgan says
Today, the mortgage players who most actively hedged â Fannie and Freddie, real estate investment trusts and large bank servicers â have significantly reduced their need to to do so, analysts said.
There’s no 2-minute warning for rate shocks, even with Fed at the zero bound
Just because the Fed is staying put doesnât mean that mortgage rates, and prices of MBS, are staying put as well, writes Vice Capital Markets Principal Chris Bennett
Get a no-closing-cost mortgage and a low rate, too
A no-closing-cost refinance or home purchase saves you money upfront But your rate will be higher. Learn when a no-cost mortgage is a good idea.
Yes, Mortgage Rates are MUCH Higher This Week
Posted To: Mortgage Rate Watch
Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point higher than they were last week. That means if you were looking at something in the 2.75% neighborhood on Friday, it could be 3.0% today. What gives? The upward pressure is nothing new , really. It has existed in the broader bond market since August, but only recently began spilling over to the mortgage market. We’ve been discussing the increased risks of such a spillover in the event of a sharper bond market move and yesterday brought just such a move. Today was much more docile by comparison, but it didn’t do anything heroic to push back against yesterday’s weakness. Still, there could be some promise of stability in the fact that the bond market…(read more)
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Mortgage applications drop for second week
As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association.
The post Mortgage applications drop for second week appeared first on HousingWire.
The home-selling season that never ends
With pandemic conditions in place for a second spring, lenders and brokers discuss the indicators that will reveal whether the market is shifting away from the traditional selling season to one that runs hot throughout the year.