Nationwide - Real Estate Investor Pulse

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

August 23, 2023 Mark Paul Cervantes Comments Off

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 rate hikes threaten a ‘significant drag’ on housing market, Nationwide warns

June 30, 2023 Mark Paul Cervantes Comments Off

The high street lender says while typical homeowners coming off fixed rate deals face significant increases in their monthly payments, borrowers have been “stress tested” for higher rates and so should be able to cope, […]

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 […]