Increases - Real Estate Investor Pulse

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

July 11, 2023 Mark Paul Cervantes Comments Off

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 […]

Mortgage News: Nationwide, HSBC Hit Borrowers With Chunky Rate Increases

June 29, 2023 Mark Paul Cervantes Comments Off

HSBC and Nationwide have announced big increases to their fixed mortgage rates, piling more pain on beleaguered borrowers, writes Jo Thornhill. Nationwide building society will increase its fixed rates by up to 0.35 percentage points from […]

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 […]