Refinance

How to apply for a mortgage and get approved: 5 steps to success

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When Will The Mortgage Market Actually Care About Rising Rates?

There’s an obvious trend toward higher rates as far as Treasury yields are concerned. This goes all the way back to August. Treasury yields and mortgage rates historically correlate quite well. But mortgage rates have almost completely ignored that correlation recently. In fact, most of the 2nd half of 2020 saw mortgage rates fall while Treasury yields continued higher. The chart above doesn’t tell the whole story because it uses a separate y-axis for each line. Here’s the same time frame with mortgage rates and 10yr yields on the same axis: That still doesn’t tell us much although we can certainly see different patterns. Here’s another look at the same two rates on the same axis, but this time we’re charting the CHANGE since Jan 1, 2020. This one probably tells the story better than the rest

For the third week in a row, mortgage rates stay at 2.73%

For the third week in a row, the average mortgage rate for a 30-year fixed loan remained unchanged at 2.73%, according to Freddie Mac.

The post For the third week in a row, mortgage rates stay at 2.73% appeared first on HousingWire.

Kelly Purcell, digital mortgage pioneer, dies at 58

The visionary co-founded electronic signature company SignOnline in 1999, a year before legislation legalized e-signatures at the federal level.

Mortgage and refinance rates today, February 8, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched higher again last Friday. Although last week saw mostly rises, each movement was small. And these rates remain exceptionally low. First […]

Buyers and Sellers Both More Upbeat in 2021

Posted To: MND NewsWire

Consumers expressed more positive sentiments toward the housing market as 2021 arrived, sending Fannie Mae’s Home Purchase Sentiment Index (HPSI) a bit higher. The most significant gains came from increased optimism about the climate for selling a home. The index increased by 3.7 points to 77.7 in January, erasing at least a portion of its 6-point loss in December. Fifty-seven percent of consumers contacted by the monthly National Housing Survey said they felt it was a good time to sell a home, up 7 points from December, while those who viewed it as a bad time dropped 9 points to 33 percent. This left the net positive answers at 24 percent, a 16-point month-over-month increase and 21 points higher than in January of last year. Positive feelings about buying a home were unchanged from December…(read more)

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Mega Capital Funding returns to non-QM lending space

Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of its new product lines.

The post Mega Capital Funding returns to non-QM lending space appeared first on HousingWire.

Acting CFPB head calls out industry for slow complaint response times

Interim CFPB Director Dave Uejio expressed concern that financial institutions have dragged their feet in resolving disputes with consumers for service issues during the pandemic.