Mortgage forbearances rise for second week in a row
The uptick marks only the third increase in consecutive weeks since reaching a peak in May, according to Black Knight.
The uptick marks only the third increase in consecutive weeks since reaching a peak in May, according to Black Knight.
30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
Posted To: Pipeline Press
While the Biden Administration waits for the Trump staff to tell them the Wi-Fi password in the White House, the government continues to occupy our thoughts. “The government should not vaccinate health care workers first. Because if it fails, we’re in trouble. They should try the vaccine on politicians first because if we lose a few of them, it really won’t matter at all.” That is an interesting take. I find the term stealth tax hike ” interesting, especially in the coming years, because many of us are predestined to pay more in taxes by legislation already in place. Economists look at interesting things, like U-Haul rental truck movement to determine state or regional trends. Many companies are interested in what the post-pandemic work environment will look like…(read more)
The US housing market saw a whopping S2.5 trillion increase in value in 2020 – the largest gain in a single year since 2005, according to Zillow. The full inventory of US housing is now worth $35.2 trillion. Zillow expects that to grow even bigger than last year’s $2.5 billion gain in 2021 – even … [Read more…]
U.S. new-home sales rose in December for the first time in five months, capping the best year since 2006 and signaling that record-low mortgage rates continue to drive demand for a sector thatâs been a bright spot in the economy.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, as we predicted. And, as a result, they’re now at a new all-time low. There was mixed economic news earlier […]
Posted To: MBS Commentary
Yesterday's bond market weakness ran the risk of signalling an end to the winning streak enjoyed since January 12th. Those gains were fairly steady and they took yields from the very top of the prevailing trading pattern almost all the way to the bottom. If early trading is any consideration, today is set to confirm the negative shift. In fact, yields are already arguably halfway back across the trend channel (the parallel yellow lines that have guided the broader bond market correction since August). Here's a wider view: Those who primarily follow the world of interest rates in terms of the mortgage market may be wondering "what correction since August?!" That's because mortgage rates cut a very different path for most of 2020. Here's the same chart with mortgage…(read more)
The Kroll Bond Rating Agency (KBRA) has published a recap of a conference focused on the non-qualified mortgage (non-QM) lending market. At the virtual Information Management Network (IMN) Non-QM Forum last week, a group of mortgage leaders predicted that technological innovation will be one of the drivers further stimulating non-QM market growth over the coming … [Read more…]
Marcia Fudge told senators that her first priority as secretary would be to assist renters and homeowners struggling financially due to the COVID-19 pandemic.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. And the week — which had promisingly seen a new all-time low — ended up going nowhere. Because those averages […]