Economy

Mortgage Rates Are Now Well Over 3 Percent

Mortgage rates WISH they were still at 2.97%–the number conveyed today by Freddie Mac’s weekly survey. Freddie’s data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that bond market volatility has been elevated recently is an understatement of extreme proportions. Things are happening that haven’t happened in years . Some measures of volatility rival the March 2020 panic surrounding covid, only this time, there’s no catalyst other than the market movement itself. Today was by far the worst of the bunch when it comes to this most recent spate of volatility. Most any mortgage lender added another eighth of a percent to their 30yr fixed rate offerings. Over the course of the past week, most

Mortgage And Refinance Rates Today, Feb. 23 | Rates steady – The Mortgage Reports

Mortgage And Refinance Rates Today, Feb. 23 | Rates steady  The Mortgage Reports

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Mortgage rates climb higher to 2.97%

The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump according to Freddie Mac.

The post Mortgage rates climb higher to 2.97% appeared first on HousingWire.

Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.

The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.

Mortgage and refinance rates today, February 23, 2021

Today’s mortgage and refinance rates  Average mortgage rates rose again yesterday. And the rise was sharper than looked likely first thing that morning. When we say that markets can turn […]

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

Land is in big demand as investors seek safe-haven

U.S. land brokers are reporting an increase in deals and a rise in land values due to what they say is growing demand for rural land. That’s according to a survey of more than 100 land brokers in the U.S. carried out by National Land Realty, and the findings suggest that we’ll see more of […]

The post Land is in big demand as investors seek safe-haven appeared first on RealtyBizNews: Real Estate News.

5 Tips to Hedge Against Inflation

To achieve financial freedom and grow wealth over long periods of time, it’s vital to understand the concept of inflation. Inflation refers to the ever-increasing price of goods and services as measured against a particular currency. The purchasing power of a currency depreciates as a result of rising prices. Put differently, a rising rate of […]

The post 5 Tips to Hedge Against Inflation appeared first on SoFi.