The post Mortgage Rates Surge as Inflation Lingers appeared first on Weekly Real Estate News.
Mortgage Rates Surge as Inflation Lingers
Housing Wire
US government to sell off $13B of mortgage bonds from failed banks Signature and SVB
The U.S. government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. First reported this week by Bloomberg […]
Weely Real Estate News
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. The post Production Profits […]
Mortage News
US Mortgage Applications Fall to Two-Month Low Amid Higher Rates
(Bloomberg) — US mortgage rates rose last week, curbing demand for those looking to buy a home. The contract rate on a 30-year fixed mortgage rose by 6 basis points to 6.93% in the week […]