Amid surging COVID-19, Fed could take steps to lower mortgage rates, boost economy – USA TODAY
Amid surging COVID-19, Fed could take steps to lower mortgage rates, boost economy USA TODAY
Amid surging COVID-19, Fed could take steps to lower mortgage rates, boost economy USA TODAY
Higher-than-expected initial unemployment claims left the major indices with middling results Thursday; chip stocks and marijuana plays had much more clear direction.
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 […]
Mortgage rates set new record low, falling below 3% as concerns rise about coronavirus second wave CNBC
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
Millennials made up 61 percent of home loans in July The Real Deal
A choppy day of trading left the major indices largely unchanged.
Mortgage rates have never been this low CNN
Mortgage Outlook: A Slight Uphill Climb for February Rates Opelika Auburn News