Purchase
President Biden could reduce FHA mortgage insurance premiums. Here’s what it means for you
Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here’s what that means for you.
Refinancing Volume Surges on Slight Rate Drop
Posted To: MND NewsWire
Borrowers looking to refinance were quick to take advantage of a slight drop in interest rates last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, jumped 8.1 percent on a seasonally adjusted basis during the week ended January 29, and was up 10 percent on an unadjusted basis. The index had declined in each of the two previous weeks. The Refinance Index increased 11 percent from the previous week, also reversing two weeks of losses, and was 60 percent higher than the same week one year ago. The refinance share of mortgage activity increased to 71.4 percent of total applications from 70.7 percent the previous week. The seasonally adjusted Purchase Index ticked up 0.1 percent and was 8 percent higher on an unadjusted…(read more)
The last stand for forbearance housing market crash bros?
The primary reason I believe the crash thesis of the housing bubble boys turned forbearance crash bros will fail is that jobs are coming back. The employment gains started last year and have continued. We have gained more than 12 million jobs â and that was not in the forecast of the housing bubble boys.
The post The last stand for forbearance housing market crash bros? appeared first on HousingWire.
50+ Statistics on Millennial Spending Habits in 2021 – Lexington Law
College Student Spending Habits for 2021
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Lawâs editorial disclosure […]
10 Things You Need to Do When Buying A Home
Everything you need to know about buying a home – on one index card.
How My Wife and I Lived on $2,000 Per Month for 3 Years During a Financial Hardship
Hello! Today, I have a guest post from Dave at The Dollar Blogger. Dave lost his job, and then 2 weeks later his wife was laid off. This is their story of how they got by, their sacrifices, strategies, and more. I’ll be honest – I’m not one for excessive frugality. I wouldn’t consider myself […]
The post How My Wife and I Lived on $2,000 Per Month for 3 Years During a Financial Hardship appeared first on Making Sense Of Cents.
10 Things Frugal People Never Buy
MBS RECAP: Bad Vibes Persist For Bonds and Rates
Posted To: MBS Commentary
Bad Vibes Persist For Bonds and Rates Bonds began the day in weaker shape, thus keeping the threat of an ongoing correction alive. After a fairly sideways morning, MBS dropped more sharply in the afternoon. Treasuries maintained a gentle, but clear selling trend throughout the day. Moreover, yields easily broke up and over the 1.125% pivot point without a second though. Taken together, this is bad news for rates as it easily reinforces the negative short term trend we've been following. In turn, that negative short-term trend is part of a broader negative trend in the bigger picture. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm ADP Employment 174 vs 49 f'cast, -78 prev ISM Services PMI 58.7 vs 56.8, highest in 2 yrs ISM Employment Index highest since Feb 2020 Market Movement…(read more)