Mortgage and refinance rates today, February 2, 2021
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, but only by the smallest measurable amount. Still, they’re only a bit higher than the all-time low set last […]
Renting
Residential Construction Spending Grew by 11.8% in 2020
Posted To: MND NewsWire
Public and privately funded construction spending ended 2020 with a 4.7 percent increase over spending in 2019. The U.S. Census Bureau said the combined outlays for the recent year was $1.430 trillion compared to 1.365 trillion the prior year. Residential spending, which increased significantly on a percentage basis in the public sector although the dollar amount remained relatively small, was an aggregate of $616.169 billion for the year, an 11.8 percent increase from 2019. During the last month of the year, total construction spending was at a seasonally adjusted annual rate of $1.490 trillion. This was a 1.0 percent gain from November and 5.7 percent higher than the same month in 2019. On a non-adjusted basis $112.706 billion in construction was put in place compared to $124.760 billion…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Todayâs mortgage rates stay at record lows | December 14, 2020 – Fox Business
Todayâs mortgage rates stay at record lows | December 14, 2020 Fox Business
InterFirst Mortgage Review: A Private Equity-Backed Lender Looking to Grow
Today weâll examine âInterFirst Mortgage,â which bills itself as a private equity-backed mortgage originator that is motivated to grow. Their game plan is to acquire consumer-direct call centers and âstrategically located licensed conforming/government wholesale mortgage operationsâ throughout the United States using their available capital. While they briefly placed operations on hold in 2017 in light [&hellip
The post InterFirst Mortgage Review: A Private Equity-Backed Lender Looking to Grow first appeared on The Truth About Mortgage.
What is amortization? How a mortgage amortization schedule works
Mortgage amortization is the process of paying down your home loan. Your amortization schedule affects your payments, home equity, and payoff date.
MBS RECAP: Fairly Balanced Day For Bonds and Fairly Balanced Outlook For Now
Posted To: MBS Commentary
Fairly Balanced Day For Bonds and Fairly Balanced Outlook For Now This morning's commentary discusses the two "teams" facing off for control of interest rate momentum: Team "Rising Rates" versus Team "Not So Fast." Rising rates have been winning out since August (at least if you ask Treasury yields), but that may change if the economic recovery stalls. Today's ISM numbers were weaker than forecast, but at 58.7 (anything over 50 = growth), not quite weak enough to convince bonds of an imminent stall. Yields stayed sideways near unchanged levels. The labor market data later in the week should be even more closely watched. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm ISM Manufacturing 58.7 vs 60.0 f'cast, 60.5 prev ISM Prices 82.1 vs 77.0 f'cast…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Today’s mortgage refinance rates slide | February 2, 2021 – Fox Business
Today’s mortgage refinance rates slide | February 2, 2021 Fox Business
Mortgage and refinance rates today, February 1, 2021
Today’s mortgage and refinance rates Average mortgage rates rose last Friday, bouncing back after Wednesday’s all-time low. Of course, these rates are still extraordinarily low. But the latest rises suggest […]
MBS Day Ahead: Bonds Defending The Castle. Here’s The Wall To Watch
Posted To: MBS Commentary
Between Friday and Monday, it looked like the bond market might try to hold at slightly better levels than those implied by the recent bounce at 1.0% in 10yr yields. Apart from being a nice round number, the psychological pivot point at 1.0% happened to coincide with the lower boundary of the trend channel we've been tracking for months. Granted, such trends do nothing to predict every little movement, but they do suggest a general area for support and resistance. In the worst case , the current trend puts the ceiling at 1.20 to 1.25% in the short term, but other pivot points could step in to help before things get that bad. Pictures are worth more words in this case. The yellow lines show the prevailing trend channel with the "worst case" upper resistance area at 1.20-1.25. As…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Economic Sweet Spots for Tech, Finance and Health Care Workers
When it comes to finding the right balance of jobs, salaries and housing costs, not all areas are created equal.