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HomeWeely Real Estate NewsHow soon can you refinance your mortgage?

How soon can you refinance your mortgage?

February 3, 2023 Mariel Alumit Weely Real Estate News Comments Off on How soon can you refinance your mortgage?

The post How soon can you refinance your mortgage? appeared first on Weekly Real Estate News.

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Guild Mortgage acquires Cherry Creek Mortgage

March 14, 2023 Mark Paul Cervantes Housing Wire Comments Off on Guild Mortgage acquires Cherry Creek Mortgage

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage, a privately-held Colorado-based lender with 68 branches in 45 states. Cherry Creek will become its own division of Guild, headed by co-founder Jeff May, […]

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Mortgage rates keep downward trajectory to close out 2022: Freddie Mac

December 28, 2022 Allen Santos Weely Real Estate News Comments Off on Mortgage rates keep downward trajectory to close out 2022: Freddie Mac

Source: Fox Business —  Last week, mortgage rates dropped for the sixth consecutive week as the market continues to react to positive economic indicators, according to Freddie Mac. The average rate for a 30-year fixed-rate […]

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Mortgage rates climb as Fed signals more aggressive rate hikes

March 9, 2023 Mark Paul Cervantes Housing Wire Comments Off on Mortgage rates climb as Fed signals more aggressive rate hikes

Federal Reserve Chairman Jerome Powell sent a clear message during his U.S. Senate speech on Tuesday morning: Fed officials are likely to deliver higher rate hikes than previously expected to combat persistent inflation. “As I […]

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Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
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Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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