HUD issues relief on foreclosures for Texans after storm
HUD also said that it will extend mortgage insurance to homeowners whose properties have been destroyed.
Renting
Mortgage and refinance rates today, February 22, 2021
Today’s mortgage and refinance rates Average mortgage rates edged up again last Friday. That was disappointing after Thursday’s small fall. But hardly a surprise, given the sharp rises earlier in […]
MBS RECAP: Rates Are In Big Trouble, But Why?
Posted To: MBS Commentary
Huge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn't go any higher, they did. New intraday highs of 1.394% in 10yr yields, and closing near the 1.37% inflection point. MBS aren't happy about it. When rates spike this quickly, MBS typically have to undergo a fast and painful repositioning of relevant coupons. The current iteration has seen 2.5 UMBS take the place of 1.5 coupons in just a few short weeks. But even 2.5 coupons got killed today. Multiple lenders repriced for the worse–some of them more than once. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Leading Economic Indicators 0.5 vs 0.5 f'cast Market Movement Recap 08:40 AM Heavy selling overnight in Asia. 10's hit highs of 1.394. Better buying in Europe despite…(read more)
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Black Homeowners Charged Higher Mortgage Rates Than White Counterparts With Similar Incomes – ValuePenguin
Black Homeowners Charged Higher Mortgage Rates Than White Counterparts With Similar Incomes ValuePenguin
February Easily The Worst Month For Rates in Long Time
There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgage rates come back down. But traders and market-watchers alike have pined for–if not outright expected–such a recovery several times in the past few weeks only to be disappointed . Merely avoiding additional rate spikes would be a victory at this point. Even if we can manage to avoid further rate spikes, February will still go down as the worst month for rates since January 2018 (March 2020 was worse at face value, but it’s not really a fair comparison due to the unprecedented bond market reaction to the pandemic). Some back-of-the-napkin math (OK, it’s actually more official than that) shows the average lender charging at least a quarter of
Permitting Soars as Builders Prep for Spring
Posted To: MND NewsWire
Builders appear to be prepping for a huge spring . While the U.S. Census Bureau and the Department of Housing and Urban Development report that housing starts were down in January, typically the case in winter, housing permits were issued at what is probably a post housing crisis high. The seasonally adjusted rate of permitting during the month was at an annualized 1,881,000 units, a 10.4 percent jump from December’s rate of 1,704,000, itself a more than 4 percent monthly increase, up 22.5 percent from the 1,536,000 permits issued in January 2020. Analysts polled by Econoday didn’t come close with their estimates, which anticipated a slight monthly retreat. Predictions ranged from 1,600,000 to 1,715,000 with a consensus of a 1,670,000-permit rate. Single-family permits were estimated at 1,269…(read more)
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Mortgage rates hit (another) all-time low – CNN
Mortgage rates hit (another) all-time low CNN
AimLoan Review: You Can Check Their Rates and Fees 24/7
Today weâll take a look at American Internet Mortgage, more commonly known as âAimLoan,â which is a streamlined discount mortgage lender that focuses mostly on conforming loans. Doing so allows them to do what they do best, and ideally offer lower mortgage rates to their customers by running more efficiently and keeping costs low. At [&hellip
The post AimLoan Review: You Can Check Their Rates and Fees 24/7 first appeared on The Truth About Mortgage.
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