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Wednesday, December 28, 2011
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Mortgage And Real Estate News | ||
Mortgage Rates Are Actually Higher This Week Mortgage rates had a nice little run, moving down from last Monday's highs of 6.98% (average, top tier 30yr fixed) to a mid-week low just over 6.80%. Even after yesterday's modest bounce, we wer... | ||
Home Price Appreciation Remains, But Interesting Trend Emerges Both of the major purveyors of home price indices have been in agreement for the better part of a year that the average home is appreciating between 4 and 5 percent per year. The FHFA Hou... | ||
Mortgage Applications Contract Slightly, But Remain Above 2 Year Average Mortgage rates were in the process of falling by the end of last week, but they made additional headway during the first half of the present week. That means this week's mortgage application sur... | ||
LO/Borrower Engagement, HELOC, LO Tech Tools; Agency and Investor News; Fai... Fortunately for the readers of this Commentary, we don’t receive federal funding, so it won’t be cut… Unlike groups like NPR and PBS which the Trump Administration call “biased.” Most media have adver... | ||
Rates Pull Back Slightly After Stronger Economic Data After enjoying a calm, steady winning streak so far this week, mortgage rates finally experienced a bump back toward slightly higher levels on Thursday. The move followed the release of a closely watc... | ||
Secondary Database, AI Information, Consulting, DSCR, Non-QM Products; Fred... May Day… whether you celebrate today as “about” halfway between the Northern Hemisphere's Spring equinox and Midsummer solstice associated with maypoles, or a day that commemorates the historic strugg... | ||
Another Small Victory For Mortgage Rates Mortgage rates continue enjoying a completely different volatility regime compared to just a few weeks ago. Back then, it wasn't a surprise to see the top tier average rate move by more than 0.1... | ||
Buy Before You Sell, Jumbo, CRM Tools; Climate and Catastrophes; Fannie Ear... I don’t know where April went, but we’re at the end of it, and 2025 is 1/3 over. The future sure quickly becomes the past. In the book “1984” George Orwell observed, “Who controls the past controls th... | ||
Friendly, Stable Trend Continues For Mortgage Rates It's now been more than a week since mortgage rates ended the day higher than the previous day. And we haven't recovered quite as much lost ground as 10yr Treasury yields, we're getting pretty c... | ||
Tech Change, Borrower Communication Tools; Webinars and Training This Week;... My cat Myrtle was always interested in both the primary and secondary markets… for line-caught halibut. In residential lending, the secondary markets shouldn’t be a mystery to anyone. Did you know tha... | ||
Mortgage Rates Start New Week Slightly Lower Mortgage rates ended last week at the lowest levels since April 7th. The average lender remained at those same levels at the start of business today, but many lenders offered modest improvements... | ||
Lowest Mortgage Rates in Nearly 3 Weeks The news on mortgage rates has been frustratingly mixed recently, depending on the source. This is a factor of the various time frames and methodologies employed by different purveyors of rate data. I... | ||
Existing Home Sales at 5 Month Lows As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales report does not make for exciting news these days. It's not... | ||
New Home Sales Running Near Highest Pace Since 2022 The Census Bureau released March New Home Sales data this week, and it was near the best levels seen since early 2022. Before you get too excited about that, a caveat is in order. Simply p... | ||
Mortgage Applications Dropped Sharply in Response to The Recent Rate Spike | ||