Today’s mortgage and refinance rates Average mortgage rates rose last Friday, bouncing back after Wednesday’s all-time low. Of course, these rates are still extraordinarily low. But the latest rises suggest […]
Bank of America triples affordable housing commitment Reuters
‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike on shocking jobs report CNBC
Posted To: MND NewsWire
The current Mortgage Monitor from Black Knight looks at the recent small increases in mortgage rates and their potential impact on home sales. The company says that Treasury yields have been rising with the 10-year up nearly 0.25 percent just since the January 5 Georgia senatorial runoff. While the spread between it and the 30-year mortgage rates absorbed part of the increase , mortgages did subsequently rise by about 1/8 th of a point. The January spike wasn’t an isolated event, the 10-year yield had eased up 40 basis points over the last five months of 2020. “Should yields rise further in coming months, they may begin to impact 30-year rates more directly, although the Fed’s bond buying efforts are expected to insulate the mortgage market to some degree,” the report says. The 1/8 th point…(read more)
Mortgage rates fall as demand for home loans rises Washington Post
Today’s mortgage and refinance rates Average mortgage rates inched up by the smallest measurable amount yesterday. So they’re immediately adjacent to the new all-time low set on Wednesday and equal […]
Mortgage rates slide to historic lows for third time this month The Washington Post
