climbs - Real Estate Investor Pulse

Average long-term mortgage rate climbs to the highest level since November

July 7, 2023 Mark Paul Cervantes Comments Off

LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed to a new high for the year this week, pushing up borrowing costs for home buyers already facing heightened competition in a housing market short on […]

Demand for home loans climbs despite surging mortgage rates

March 8, 2023 Mark Paul Cervantes Comments Off

It’s counterintuitive but real: Despite surging mortgage rates, borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge […]

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 […]