Mortgage and refinance rates today, February 10, 2021
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was only the second fall in nine working days, though they held steady on Monday. Luckily, all recent […]
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Mortgage Rates Lowest in More Than a Week
Mortgage rates haven’t been moving much recently, but they’ve logged enough small victories to make it back to the lower levels seen on February 1st . Depending on the specific scenario and the lender, a quoted rate may or may not be visibly different between now and then. In cases where they seem to be the same, the change could come down to the “upfront cost” side of the mortgage rate equation (which allows lenders to make fine-tuning adjustments without having to move rates by the customary 0.125%). The underlying bond market serves as the foundation for all interest rates. US Treasuries and mortgage-backed bonds tend to behave similarly. That hasn’t been the case for much of the past year, but things have been getting back to normal recently. With that in mind, there was some risk today
Today’s best mortgage and refinance rates: Mon, Dec 28, 2020 | Rates are down – Business Insider
Today’s best mortgage and refinance rates: Mon, Dec 28, 2020 | Rates are down Business Insider
You Can Now Request COVID-Related Mortgage Forbearance for Up to 15 Months
Some good news this morning for homeowners continuing to struggle to make ends meet thanks to COVID-19, which as the name implies has been going on for a while now. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, has just announced an extension to the COVID forbearance period, which was [&hellip
The post You Can Now Request COVID-Related Mortgage Forbearance for Up to 15 Months first appeared on The Truth About Mortgage.
Mortgage and refinance rates today, February 9, 2021
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday, which after so many recent rises, was a win. Earlier, an increase had looked likely, but key markets changed […]
Mortgage rates drift lower as investors worry about pandemic – The Washington Post
Mortgage rates drift lower as investors worry about pandemic The Washington Post
APR vs. interest rate for mortgages: Which matters more?
APR vs. interest rate: Both numbers are important for comparing mortgages. But which one matters more? That depends on your home buying goals.
Mortgage Rates Roughly Unchanged From Last Week
Mortgage rates have been extremely stable given their proximity to all-time lows. Past precedent suggests one of two things when rates set records: a slow grind lower with additional periodic records or a rather abrupt bounce back in the other direction. The 2nd half of 2020 was definitely characterized by the aforementioned slow grind with at least 20 separate days resulting in record low rates by December 21st. Since then, rates have gone no lower, but apart from a brief stint in early January, they really haven’t gone appreciably higher either. This is made all the more impressive by the fact that the broader bond market is indeed telling mortgage rates to rise. Specifically, 10yr Treasury yields–a perennial travel companion for 30yr fixed mortgage rates–have been rising consistently since
MBS RECAP: Locking vs Floating After Underwhelming “Rally Day.”
Posted To: MBS Commentary
Locking vs Floating After Underwhelming "Rally Day." The recent losing streak in the bond market made it increasingly likely that we'd see a win this week. Ideally, it would have aligned with a strong response to Wednesday's 10yr auction, but instead, we got a halfhearted version on Tuesday. While this is technically a tactical cue to float for the most risk tolerant clients, that's an aggressive strategy until we see how the market reacts to the 10yr auction. Either way, the bigger picture rising rate trend remains easily intact. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:31 AM Bonds improved overnight as stocks remained in check and European bonds joined in the short-covering trade. A Spanish bond auction (of all the crazy things) was…(read more)
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Current Mortgage Refinance Rates, January 7, 2021 | Rate rises – Bankrate.com
Current Mortgage Refinance Rates, January 7, 2021 | Rate rises Bankrate.com