Renting

Refi Demand Staying Strong Despite Rising Rates

Posted To: MND NewsWire

The current Mortgage Monitor from Black Knight looks at the recent small increases in mortgage rates and their potential impact on home sales. The company says that Treasury yields have been rising with the 10-year up nearly 0.25 percent just since the January 5 Georgia senatorial runoff. While the spread between it and the 30-year mortgage rates absorbed part of the increase , mortgages did subsequently rise by about 1/8 th of a point. The January spike wasn’t an isolated event, the 10-year yield had eased up 40 basis points over the last five months of 2020. “Should yields rise further in coming months, they may begin to impact 30-year rates more directly, although the Fed’s bond buying efforts are expected to insulate the mortgage market to some degree,” the report says. The 1/8 th point…(read more)

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New CFPB boss vows to get tough on military lending, pandemic relief laws

Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies that improperly garnish stimulus checks or mistreat struggling borrowers.

Mortgage and refinance rates today, January 29, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched up by the smallest measurable amount yesterday. So they’re immediately adjacent to the new all-time low set on Wednesday and equal […]

Differences Between Previous and Current FOMC Statements

Posted To: MBS Commentary

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. EconomicThe pace of the recovery in economic activity and employment havehas continuedmoderated toin recoverrecent butmonths, remainwith wellweakness belowconcentrated theirin levelsthe atsectors themost beginningadversely ofaffected by the yearpandemic. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households…(read more)

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How to Actually Afford to Buy a Home in America

Home buying hurdles exist – but research, creativity and flexibility will help you clear them.

Mortgage forbearances rise for second week in a row

The uptick marks only the third increase in consecutive weeks since reaching a peak in May, according to Black Knight.

How low can we go? 30-year mortgage rate charts tell the story

30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.