Renting

Rental Affordability Is Worst in Minority Communities

Renters living in predominantly Hispanic or black neighborhoods have to spend more of their income on rent than those in white communities.

Mortgage apps dip as conforming rate inches up, loan amounts soar

While financing costs are still low enough to offset sticker-shock from rising home prices, a slight increase in the average 30-year conforming rate weighed on borrowers, according to the Mortgage Bankers Association.

Mortgage and refinance rates today, January 26, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged lower yet again yesterday. And they’re now tantalizingly close to the all-time low. But early signs in markets suggest the recent […]

MBS RECAP: MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation

Posted To: MBS Commentary

MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation Treasuries didn't gain any new ground today, but it's a bit of a victory to simply hold below the recent floor at 1.075%. Moreover, MBS outperformed after sellers offered up very light supply in the Fed's 30yr Fixed UMBS buying operation today. By the close, UMBS 1.5 and 2.0 coupons were both up at least an eighth of a point while Treasuries weren't any better than unchanged. All in all, it was an extremely calm trading session. Durable Goods data in the morning tomorrow followed by a Fed Announcement at 2pm ET. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Case Shiller Home Prices (y/y) 9.1 vs 8.6 f'cast, 8.0 prev FHFA Home Prices (y/y) 11.0 vs 10.3 prev Consumer…(read more)

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How To Get The Best Mortgage Rate – Forbes

How To Get The Best Mortgage Rate  Forbes

10 Ways to Make Sure You Get Your Security Deposit Back

Nothing eases the pains of moving like a fully refunded security deposit. Make sure you get your cash back with these expert tips.

Mortgage and refinance rates today, January 22, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. The fall was the smallest that can be measured. But was welcome nonetheless. First thing this morning, key markets […]

Mortgage Rates Mostly Recover After Starting The Day Higher

Mortgage rates were mixed to slightly higher today, depending on the lender. “Higher” is a relative term, in this case as the average loan seeker is unlikely to see much of a difference between yesterday’s quotes and today’s. Even then, the changes would almost certainly be in the form of upfront costs (or lender credits) rather than to the interest rate itself. For the sake of thoroughness and accuracy, keep in mind there are really two different kinds of rate when it comes to mortgages. The ” note rate ” is unsurprisingly the rate found at the top of your mortgage note. This is the rate that’s applied to the principal balance of your loan in order to determine your principal and interest payment. The other rate would be the APR (annual percentage rate), which factors in all of the upfront

MBS RECAP: Strong Move in Treasuries But MBS Underperform (Significantly)

Posted To: MBS Commentary

Strong Move in Treasuries But MBS Underperform (Significantly) While much of the world of finance and institutional investment seemed to be preoccupied with day trading some truly epic ridiculousness via Game Stop, the bond market was doing a few interesting things of its own. Treasuries jumped out to an early lead with help from Europe, but several big trades helped yields move even lower after the 10yr broke an important floor at 1.075%. MBS had a completely different day with a significant amount of underperformance during and after the Fed's final buying operation of the day. At 4pm, UMBS 1.5 coupons were roughly unchanged on the day while 10yr Treasuries were nearly 5bps lower in yield! Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement…(read more)

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