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Highest Mortgage Rates Since June 2020

As of today, you’d have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term rates/yields surging higher at the quickest pace since the pandemic began. The broader bond market has actually been signalling this sort of move since late last summer, but it wasn’t an issue for mortgage rates for a variety of reasons. Now that the mortgage market has mostly exhausted its protective cushion against broader bond market volatility, when the broader bond market has a bad day, so do we. It goes without saying that today was bad. Just look at the scoreboard , after all. But it also tried to be good. Bonds battled back from their worst levels quite well by the early afternoon. This was especially true for mortgage-backed bonds

Mortgage Application Volume Continues Decline

Posted To: MND NewsWire

The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent…(read more)

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Mortgage delinquencies below 6% for first time since March

Of the 3.2 million borrowers with mortgage delinquencies, keep on eye on the 626,000 with government loans in Ginnie Mae securities.

The post Mortgage delinquencies below 6% for first time since March appeared first on HousingWire.

Forbearance of Foreclosure? How to Keep Your Credit and Homeownership Intact

The following is a guest post by Eric Lindeen, of Anna Buys Houses. The second quarter of 2020 marked the highest U.S. mortgage delinquency rate (reported as 60-days past due) since 1979. Amidst the chaos of the pandemic, federal and state governments have made efforts to protect against the financial strain U.S. consumers are enduring—including… Read More

The post Forbearance of Foreclosure? How to Keep Your Credit and Homeownership Intact appeared first on Credit.com.

Homie’s Denver Housing Market Update January 2021

With the start of a new year, we can’t help but look forward to watching how the market changes throughout 2021. So how did the Denver market start out the new year? We’ve got your update! Data from ReColorado from January 1, 2021 to January 31, 2021. Monthly Sales It’s common for the volume of… Read more »

The post Homie’s Denver Housing Market Update January 2021 appeared first on Homie Blog.

Widespread Unauthorized Transactions – Check Your Accounts (coloadtest.com, SUMUP)

A few days ago we reported that some BBVA select cardholders were being hit with fraudulent transactions. Unfortunately it seems that the problem is more widespread than this as a lot of readers are reporting similar fraudulent transactions on other cards, I suspect there has been a large data breach somewhere. I’d recommend checking your […]

Your Complete Midtown, Detroit Neighborhood Guide

Historic yet modern, Midtown Detroit has something for everyone.

The post Your Complete Midtown, Detroit Neighborhood Guide appeared first on Rent Blog.

Penthouse Apartments: Everything You Need to Know

Penthouses are spacious and beautiful with panoramic city views.

The post Penthouse Apartments: Everything You Need to Know appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

798: How to Expand Your Team: Real Estate Recruiting 101 with David Hill

Ready to expand your real estate team? Be sure to catch this Real Estate Rockstars with David Hill for a rundown on the recruiting practices that work best with today’s top agents. In addition to sharing how he was able to recruit 159 agents in just one year, David offers valuable tips on retention so that team leaders are able to keep their best producers. Plus, Pat and David discuss the importance of listings, Zillow’s ongoing quest for data, and more.
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