Renting

Mortgage Interest Rates Today, January 4, 2021 | Rates ease – Bankrate.com

Mortgage Interest Rates Today, January 4, 2021 | Rates ease  Bankrate.com

Small Kitchen? Try These 9 Tips for Making the Most of Your Limited Space

Transform your standard-issue rental kitchen with these tips.

Mortgage Rates Slightly Higher

Mortgage Rates were steady to slightly lower yesterday even though prevailing trends in the bond market suggested caution. Today’s trading is a different story. Granted, there haven’t been any huge, dramatic moves, but today’s bond market weakness adds a bit of evidence for a more cautious approach. In general, rates are biding their time in a low, narrow range (just slightly higher than the all-time low range seen at the end of 2020) before making their next big move. That “next move” is to-be-determined. It will take guidance from things like economic data, fiscal stimulus, major covid-related news, and even the stock market. The average mortgage lender is generally offering the same rates as yesterday, but with modestly higher upfront costs (or lower lender credits). The range for purchases

New Home Sales Recover Slightly After Losses, Still up 15% Annually

Posted To: MND NewsWire

New homes sales managed a small increase in December following three months of losses including a substantial downturn in November. The U.S. Census Bureau and the Department of Housing and Urban Development reported that sales of newly built homes were at a seasonally adjusted annual rate of 842,000 units. This is a 1.6 percent increase from the downward revision of the November estimate. The revision downgraded those sales from an annual rate of 841,000, a 11.0 percent decline, to 829,000. The December rate of sales represents 15.2 percent year-over-year growth. Analysts had expected a better recovery from the November loss. Those polled by Econoday had predicted sales would be in the range of 822,000 to 934,000. Their consensus was 871,000 units. On a non-adjusted basis there were 55,000…(read more)

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Why Cities Must Become Affordable for the Middle Class

The high cost of living can make it hard for middle-class residents to make ends meet.

‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike on shocking jobs report – CNBC

‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike on shocking jobs report  CNBC

Should you buy a house sight unseen? Here’s what you need to know

Buying a house sight unseen can give you an edge in a competitive market. But there are risks that come with sight-unseen homes. Here’s what to know.

MBS Week Ahead: Lots of Data This Week, But Is It Enough To Matter?

Posted To: MBS Commentary

Bonds find themselves in an interesting position heading into February. On the one hand, there's a well-established tepid recovery narrative that coincides with gradually rising 10yr yields for the past 6 months and, more recently, mortgage rates that begun to take notice. On the other hand, several of the inputs driving those trends are open to criticism, push-back, or other intervening factors that may collectively say "not so fast" to the rising rate trend. Econ data can bat for either team in this regard and this week brings the month's biggest reports with ISM PMIs and the big jobs report (NFP). A unified message from the data will likely matter to the bond market, but it might be hard to tell unless those "not so fast" factors are staying silent. For the sake…(read more)

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