Renting

How to Perform a Landlord Background Check

Wait! Don’t sign that lease just yet – a quick landlord check may change your mind.

Mortgage and refinance rates today, February 4, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched higher again yesterday. Although that was the latest in a recent series of increases, those rates are still nearer to the […]

Freddie Mac 2020 Portfolio Growth Doubles 2019’s

Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 22.4 percent in December compared to a 29.5 percent gain in November. The portfolio balance at the end of the period was $2.740 trillion compared to $2.689 trillion the prior month and $2.301 trillion a year earlier. The growth rate for 2020 was 17.6 percent, up from 6.8 percent for all of 2019. Purchases and Issuances totaled $129.639 billion and Sales were ($1.330) billion. The November numbers were $155.291 billion and ($4.080) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.6 billion in December compared to $107.3 billion in November, representing a 70 percent share of total single-family mortgage portfolio purchases and issuances compared to 74 percent…(read more)

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30-year fixed mortgage rate remains -1.29% below 2019’s average | February 4, 2021 – Bankrate.com

30-year fixed mortgage rate remains -1.29% below 2019’s average | February 4, 2021  Bankrate.com

Mortgage and refinance rates today, February 3, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged higher yesterday. But, of course, they remain within their uberlow range. First thing, it’s looking as if mortgage rates might hold […]

Mortgage Rate Volatility Could Increase After Tomorrow’s Jobs Report

Mortgage Rates have risen modestly over the past few days with the average lender now offering the highest rates in roughly 2 weeks. The ground covered during that time is fairly underwhelming unless you make a habit of examining day-to-day rate movement under a microscope. In many cases, a prospective mortgage borrower would be seeing the same “note rate” on a mortgage quote throughout that 2 week period. Why am I telling you that rates have moved then? Because “note rates” are only one side of the mortgage rate equation. The upfront costs (or credits) determine the other side. An increase in upfront lender costs (or a decrease in lender credit) is the same thing as a higher interest rate. That upfront side of the equation allows for smaller adjustments. Consecutive days with similar adjustments

MBS RECAP: Mid-Day Recovery, But Broader Risks Remain

Posted To: MBS Commentary

Mid-Day Recovery, But Broader Risks Remain Bonds did well enough yesterday to suggest yields might not be interested in moving back to the higher end of their recent trading range. Today's early weakness quickly reintroduced that narrative. A decent recovery in the middle of the trading day did little to defuse the broader trend risks. By the 3pm close, 10yr yields were 2+ bps higher and MBS were 2 ticks weaker (-0.06). This isn't a massive sell-off by any means, but any weakness would have been enough to reinforce the trend. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:36 AM MBS opened roughly 1/8th lower and 10yr yields roughly 3.5bps higher after European econ data and stock strength led bond weakness overnight. 01:03 PM Modest recovery after opening…(read more)

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Current Mortgage Rates, January 1, 2021 | Rates dip – Bankrate.com

Current Mortgage Rates, January 1, 2021 | Rates dip  Bankrate.com

Residential Mortgage Services Review: A Home Purchase-Focused Lender in the Northeast

Today we’ll check out “Residential Mortgage Services Inc.,” or RMS for short, which refers to itself as a leading independent purchase-focused mortgage lender. The retail direct-to-consumer mortgage lender primarily serves the Northeast, Mid-Atlantic and Eastern Seaboard markets. RMS said purchase loans accounted for 58% of last year’s volume, compared to an estimated 40% industry average. [&hellip

The post Residential Mortgage Services Review: A Home Purchase-Focused Lender in the Northeast first appeared on The Truth About Mortgage.