Climbing - Real Estate Investor Pulse

Average long-term US mortgage rate falls to 6.69%, second straight drop since climbing to 2023 high

June 16, 2023 Mark Paul Cervantes Comments Off

The average long-term U.S. mortgage rate fell again this week, positive news for potential homebuyers after rates reached their highest level since November earlier this month. Mortgage buyer Freddie Mac said Thursday that the average […]

Biden Budget Sees Inflation Cooling Further, Jobless Rate Climbing

March 10, 2023 Mark Paul Cervantes Comments Off

President Joe Biden’s proposed budget expects inflation to cool further, but it predicts that the historically low US unemployment rate — which the administration has put at the heart of its economic appeal — will […]

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 […]