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Fixed-rate

Mortgage
International

Mortgage News: Nationwide Makes Further Cuts Across Fixed-Rate Range

August 23, 2023 Mark Paul Cervantes Comments Off on Mortgage News: Nationwide Makes Further Cuts Across Fixed-Rate Range

23 August: Virgin Money Also Trims Rates, Adds Deals Nationwide building society, the UK’s second biggest mortgage lender, has cut interest rates on fixed rate deals for new and existing customers by up to 0.4 […]

Mortgage
Mortage News

Mortgage News: Latest Round Of Fixed-Rate Increases Push 2-Year Deals Above 6%

July 11, 2023 Mark Paul Cervantes Comments Off on Mortgage News: Latest Round Of Fixed-Rate Increases Push 2-Year Deals Above 6%

10 July: Virgin, HSBS Respond To Rising Wholesale Borrowing Costs Virgin Money is increasing selected fixed rates across its range – its third rate increase since the Bank of England raised interest rates on 22 […]

Weely Real Estate News

Fixed-rate mortgage bomb set to go off

September 16, 2022 Mariel Alumit Comments Off on Fixed-rate mortgage bomb set to go off

Source: Elite Agent —  Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year. According to Finder, $29.8 billion […]

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U.S. Market

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
Housing Wire

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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