TORONTO, Aug 22 (Reuters) – Canada’s big bank results are expected to bring to light a number of challenges as lenders set aside more funds for bad loans in a tough economy that has also […]
Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023, and housing inventory growth was still slow. Purchase application data didn’t budge much on the […]
Skipton’s Round Of Rate Cuts Extends To No-Deposit Track Record Mortgage Skipton building society has cut fixed rates by up to 0.22 percentage points across its standard residential range – including its 100% Track Record […]
The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in […]
On Tuesday, the average 30-year fixed mortgage rate jumped back up to 7.34%. That coupled with home prices that rose dramatically during the pandemic, and in some markets, are still rising, has deteriorated affordability. It’s pricing buyers out […]
The National Association of Home Builders is reporting this week U.S. builder confidence retreated in August 2023 as rising mortgage rates and stubbornly high shelter inflation have further eroded housing affordability and put a damper […]
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16% from 7.09%. Mortgage demand from homebuyers was 26% lower than the same week one year ago. […]
15 August: All Eyes On Key Inflation Update On Wednesday Barclays has cut the cost of fixed rate borrowing on selected loan deals, effective from 15 August. It is the last of the biggest six lenders […]
According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates crossed 7% for the first time since November 2022, before falling sharply and then rebounding to 6.88% Overall rate lock volumes were down 7% month over […]
AG Mortgage Investment Trust, Inc. entered into a definitive agreement Tuesday to merge with Western Asset Mortgage Capital Corp., beating its competitor Terra Property Trust, Inc. AG Mortgage, a pure-play residential mortgage REIT controlled by […]
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