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Mortgage and refinance rates today, February 11, 2021

Today’s mortgage and refinance rates  Average mortgage rates nudged lower again yesterday. And, as Freddie Mac and Mortgage News Daily point out, they’re now pretty much back to where they […]

Today’s mortgage refinance rates inch lower | February 10, 2021 – Fox Business

Today’s mortgage refinance rates inch lower | February 10, 2021  Fox Business

5 Tips for Breaking the Payday Loan Cycle

Once you start using payday loans, the interest charged can make it hard to stop. Here’s how to move past them.

Conforming Loan Standards Loosened in January

Posted To: MND NewsWire

Access to mortgage credit increased again in January. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 2.0 percent to 124.6. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The two components of the Conventional MCAI posted significant increases. The Conforming MCAI jumped 7.7 percent and the Jumbo component was up 2.2 percent, pushing the parent index up 4.8 percent compared to December. This was slightly offset by an 0.1 percent decline in the Government MCAI. “The growth in credit availability in January coincides with a housing market that is poised for a strong start to the year . Improvements were driven by the conventional segment of the mortgage market…(read more)

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Mortgage rates set new record low, falling below 3% as concerns rise about coronavirus second wave – CNBC

Mortgage rates set new record low, falling below 3% as concerns rise about coronavirus second wave  CNBC

Bimodal Spending: Say “Hell Yes!” or “No”

I had a creative brainstorm this week. An idea—that I’ve dubbed bimodal spending—overtook my mind. And now I want to convince you to adopt it in your life.

Bimodal Spending: Say “Hell Yes!” or “No” – The Best Interest

I had a creative brainstorm this week. An idea—that I’ve dubbed bimodal spending—overtook my mind. And now I want to convince you to adopt it in your life.

U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends

Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic

When Will The Mortgage Market Actually Care About Rising Rates?

There’s an obvious trend toward higher rates as far as Treasury yields are concerned. This goes all the way back to August. Treasury yields and mortgage rates historically correlate quite well. But mortgage rates have almost completely ignored that correlation recently. In fact, most of the 2nd half of 2020 saw mortgage rates fall while Treasury yields continued higher. The chart above doesn’t tell the whole story because it uses a separate y-axis for each line. Here’s the same time frame with mortgage rates and 10yr yields on the same axis: That still doesn’t tell us much although we can certainly see different patterns. Here’s another look at the same two rates on the same axis, but this time we’re charting the CHANGE since Jan 1, 2020. This one probably tells the story better than the rest