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MBS Day Ahead: Waiting On Stimulus Details, Shrugging Off Early Reports of $2 Trillion

Posted To: MBS Commentary

A few hours after markets closed yesterday, news began coming out regarding a Biden aide mentioning tonight's stimulus proposal would be in the $2 trillion neighborhood. That's quite a bit more than the $1.3 trillion that had been making the rounds a few hours prior (the same number was thrown around more than a month ago as well). Treasuries reacted to this overnight with a whopping sell-off of 3bps. This reflects the fact that markets have largely priced in some sort of $1.3+ trillion in additional spending/relief. We won't get a chance to any additional reaction until tomorrow's trading session, as Biden won't be speaking until after 7pm ET. It's another light day in terms of economic data, with Jobless Claims already out at 965k vs 795k forecast and 784k previously…(read more)

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Mortgage Borrowers Should Know Their Rates

Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market.

Yet nearly three-in-10 mortgage borrowers (29 percent) either didn’t know their mortgage rate or wouldn’t say, according to a survey by Bankrate.

This is a big problem, says Martin Choy, operations manager at Westwood Mortgage in Seattle.

Mortgage rates remain at record-low levels

After falling to a record low last week, the average U.S. mortgage rate for a 30-year fixed loan remained at 2.67% this week.

The post Mortgage rates remain at record-low levels appeared first on HousingWire.

Optimum First Mortgage Review: #1 in Price and Customer Service?

You’ve got to pretty confident to say you’re #1 in both price and customer service, but that’s exactly how “Optimum First Mortgage” describes itself. The Southern California-based mortgage lender isn’t afraid to say it has the lowest rates in the industry, or the best customer service. It’s a bold claim (or two), but based on [&hellip

The post Optimum First Mortgage Review: #1 in Price and Customer Service? first appeared on The Truth About Mortgage.

Mortgage forbearance rate continues to drop

The U.S. forbearance rate fell nine basis points last week to 5.37% of servicers’ portfolio volume, according to a survey from the MBA.

The post Mortgage forbearance rate continues to drop appeared first on HousingWire.

What is the Rate Shopping Window

Everyone knows that when you apply for a loan the lender will perform a credit inquiry. And everyone knows that credit inquiries hurt your credit score. What everyone doesn’t know is that credit scoring algorithms allow a “rate shopping window” so you can compare loan offers and rates with multiple lenders without hurting your score. […]

The post What is the Rate Shopping Window appeared first on The Lenders Network.

What Is Mortgage Insurance?

If buying a home is your next financial goal, then you may have heard about mortgage insurance. Mortgage insurance is probably not what you expect it to be. We will cover what you need to…

The post What Is Mortgage Insurance? appeared first on Crediful.

Foreclosure and Buying a Foreclosed Home: A Guide

A mortgage is a type of secured loan, with the house serving as collateral. Technically, a borrower owns the house as soon as they sign the mortgage contract, but if they fail to meet their monthly repayments and any other obligations, the lender may seek to secure the asset. This process is known as foreclosure. […]

Foreclosure and Buying a Foreclosed Home: A Guide is a post from Pocket Your Dollars.

Most Livable Cities in the U.S. – 2020 Edition

People choose where to live based on many factors – availability of jobs, location of family, and the weather all come into play for most folks. Something some Americans may not remember to take into consideration, though, is the livability … Continue reading →

The post Most Livable Cities in the U.S. – 2020 Edition appeared first on SmartAsset Blog.