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[ May 3, 2024 ] Study: Fewer White Buyers Taking Out Mortgages Weely Real Estate News
[ May 3, 2024 ] Housing Economists Offer Mixed Views on Jobs Data Weely Real Estate News
[ May 3, 2024 ] Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’ Weely Real Estate News
[ May 3, 2024 ] Hits and Misses for the Real Estate Week of April 29-May 3 Weely Real Estate News
[ May 3, 2024 ] NAR’s Sitzer/Burnett Policy Changes Moved to August Weely Real Estate News

Mortage News

Mortgage news refers to the latest developments and trends in the mortgage industry, including changes in interest rates, new mortgage products, updates on regulations and guidelines, and other factors that affect homebuyers and homeowners.

Mortgage news can also cover topics such as the housing market, home prices, foreclosure rates, and other factors that impact the mortgage industry. For example, mortgage news may report on changes in home sales, new construction activity, or economic indicators that can affect mortgage rates.

Mixed Results on YoY Home Price Appreciation

July 28, 2023 Mark Paul Cervantes Comments Off

The S&P CoreLogic Case-Shiller Indices posted an annual decline in home prices for the second straight month in May while the Housing Price Index provided by the Federal Housing Finance Agency (FHFA) continues to show […]

Rates Continue to Deter Purchasing

July 28, 2023 Mark Paul Cervantes Comments Off

Mortgage application volume during the week ended July 24 was down slightly from the prior week. Static interest rates did little to stir the refinancing pot, but purchase volume declined. The Mortgage Bankers Association said […]

Tiny Increase Ends Three-Month Pending Sales Drought

July 28, 2023 Mark Paul Cervantes Comments Off

Pending home sales pulled out of a three-month spiral in June but with only a fractional increase from May. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) ticked up 0.3 […]

Mortgage Interest Rates for July 24, 2023: Rates Tick Up

July 24, 2023 Mark Paul Cervantes Comments Off

A variety of significant mortgage rates inched upward over the last seven days. The average interest rates for both 15-year fixed and 30-year fixed mortgages both were driven higher. The average rate of the most […]

Average mortgage rates edge up again after brief fall, market data shows

July 21, 2023 Mark Paul Cervantes Comments Off

Fixed mortgage rates have risen again after a brief fall, according to the latest market data. The average two-year homeowner mortgage rate on the market edged back up to 6.8% on Friday from 6.79% yesterday, […]

Does Inventory Really Explain Home Sales Slump?

July 21, 2023 Mark Paul Cervantes Comments Off

Almost everyone has said it or heard it: Existing Home Sales are in the toilet because there’s no inventory and there’s no inventory because no one wants to give up their 3% mortgage when rates […]

UK two-year fixed mortgage rates fall for first time since May

July 20, 2023 Mark Paul Cervantes Comments Off

LONDON, July 20 (Reuters) – A key British mortgage rate fell on Thursday for the first time in nearly two months, coming off the previous day’s 15-year high as concerns about the outlook for inflation […]

Refinance Applications Rise on Falling Rates

July 20, 2023 Mark Paul Cervantes Comments Off

Applications for refinancing rebounded last week from the previous week’s holiday-related slowdown but purchase applications slid lower. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increased 1.1 percent […]

Housing Starts Fell From Last Month’s Surprisingly Fast Pace

July 20, 2023 Mark Paul Cervantes Comments Off

The rate of both construction permitting and housing starts retreated from their May levels last month. The significant increase in estimated starts from April to May was also revised lower. The U.S. Census Bureau and […]

Mortgage rates relief after inflation sees bigger than expected drop ahead of crunch decision

July 19, 2023 Mark Paul Cervantes Comments Off

Inflation in Britain has dropped to 7.9 per cent in the year to June, according to the Office for National Statistics (ONS). Despite inflation dropping more than expected, it still remains high – but is […]

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

February 25, 2024 Comments Off

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 […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

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 data sends mortgage rates higher

February 3, 2024 Comments Off

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 […]