Black Homeowners Charged Higher Mortgage Rates Than White Counterparts With Similar Incomes – ValuePenguin
Black Homeowners Charged Higher Mortgage Rates Than White Counterparts With Similar Incomes ValuePenguin
Black Homeowners Charged Higher Mortgage Rates Than White Counterparts With Similar Incomes ValuePenguin
An analysis of over three million rental applications by RENTCafé found an interesting trend among Gen Z renters that shows yet another way that this generation is diverging from their millennial predecessors. Where post-college millennials flocked to the nation’s biggest cities in search of jobs, Gen Z renters are increasingly moving to vibrant small towns … [Read more…]
Mortgage rates hit (another) all-time low CNN
The total number of mortgages in forbearance declined seven basis points to 5.22%, according to the latest estimate from the Mortgage Bankers Association.
The post Forbearances fall for third week in a row, to 5.22% appeared first on HousingWire.
âSales could be even higher,â if more homes were put on the market, NARâs chief economist Lawrence Yun said
The COVID-19 pandemic has accelerated a longer-term trend of separating talent from location. In the past, economic development was defined by incentives for buildings and infrastructure, but this is starting to change. HW+ Premium Content
The post COVID accelerated migration trends, but is it sustainable? appeared first on HousingWire.
Posted To: MBS Commentary
Looking For Silver Linings Despite Falling Sky After a huge day of snowball selling yesterday, bonds started out in weaker territory today. Hugely strong Retail Sales data and sharply higher inflation told rates to keep on rising, but they quickly refused. Several hours later, a decidedly weak 20yr bond auction made the same suggestion (i.e. higher rates), but yields continued holding modest gains. As far as days with intraday yields hitting their highest levels in almost a year are concerned, that's about as much resilience as we could hope for. Tomorrow will be critical in confirming or rejecting today's defiant show of support. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Retail Sales 5.3 vs 1.1 f'cast, -1.0 prev Producer Prices (Inflation, y/y) 2.0 vs 1.1 f'cast,…(read more)
Mortgage loan application volume fell 5.1% week over week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s composite index posted a 5.1% seasonally adjusted decline. On an unadjusted basis, it was down 4% week over week. “Expectations of faster economic growth and inflation continue to push Treasury yields … [Read more…]
Mortgage rates are still meager, historically speaking, but 3.375% or higher may be enough to slow the home price growth rate â which, right now, is simply too hot. The days on the market went from 43 days last year to 21 days currently.
The post Existing home sales are still too hot appeared first on HousingWire.
A fundamental premise of today’s housing and mortgage markets is that there is not nearly enough supply for the demand that’s out there. While the consensus solution is to simply build more houses, one mortgage CEO explained that there’s a gap in the market that amounts to an estimated $1 trillion worth of property currently … [Read more…]