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Wednesday, December 28, 2011
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Mortgage And Real Estate News | ||
Mortgage Rates End Week Only Slightly Higher After Decent Recovery The average top tier 30yr fixed rate is set to end the week just a few hundredths of a percent higher than last Friday at 6.92%. That's a victory--albeit a small one--after hitting 6.99% on Wedn... | ||
Housing Starts Buoyed By Multi-Family Sector The Census Bureau is out with monthly construction numbers for April showing an uptick in construction activity offset by slightly lower permitting. While there are several other metrics in this... | ||
Builder Confidence Near Post-Pandemic Lows, But Timing is Everything The National Association of Homebuilders (NAHB) and Wells Fargo released the monthly Housing Market Index (HMI) this week, showing builder confidence falling to the lowest levels since 2023. Thi... | ||
Purchase Demand Moves Back Toward 2 Year High; Refis Hold Steady Home purchase demand improved improved last week according to the MBA mortgage application survey. The improvement over the previous week was fairly modest, but the index was already the 4th highest r... | ||
DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech... This weekend is when many of us head to Manhattan for the MBA’s National Secondary event. For those flying in, check your ticket: NJ Transit’s on strike. Flying into Newark? Transportation Secretary S... | ||
Mortgage Rates Catch a Break Mortgage rates have done almost nothing but move higher in the month of May. The latest bump--seen yesterday--took the average top tier 30yr fixed rate to 6.99%. While this is fairly uneventful in the... | ||
Workflow, 2nd, Portfolio, Bridge, LOS Products; Pulte Interview; Rocket and... “There’s a splendid saying about the definition of an economist being someone who “will know tomorrow why the things they predicted yesterday didn't happen today.” Everyone’s warning everyone about ev... | ||
Mortgage Rates Rising Closer to 7% In early April, amid the most volatile portion of the market's reaction to the tariff announcement, mortgage rates were officially over 7% for a single day. By the middle of the following week, they w... | ||
Non-QM, Automatic Admin, Due Diligence Tools; M&A for Lenders and Vendors As Roy Cohn once instructed a young Donald Trump, much can be accomplished by attacking first and dealing with the consequences later. I get opinions from both sides: “Rob, when are you going to wise ... | ||
Mortgage Rates Hold Fairly Steady After Inflation Data Tuesday brought the release of an economic report that has frequently been responsible for big swings in mortgage rates. The Consumer Price Index (CPI) is the earlier of the two big inflation reports ... | ||
Compliance, Dashboard, Origination Tools; eNote News; New Econ Book; Conv. ... No one in places like Florida or Myrtle Beach or Colorado’s Glenwood Springs wants to wake up to a headline, sensationalist or not, saying, “Vacation homes (about 7 million in the U.S.) are being dump... | ||
Mortgage Rates Jump to 2 Week Highs After US/China Trade Talks Tariffs and trade policy have been a new and important consideration for the bond market for just over a month now. That matters to mortgage rates because mortgage pricing is primarily determined by b... | ||
Coaching; Workflow, LO Mobile App, AI Products; Economist Selma Hepp Interv... Nearly a thousand of us head to Manhattan in less than a week for the MBA’s Secondary Conference. In 2025 Q1, the median asking rent in New York City registered at $3,397, an increase of $179, or 5.6%... | ||
Mortgage Rates Barely Lower to End The Week Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improvement was arguably a byproduct of trade related he... | ||
HELOC, Automation, Buy Before You Sell Tools; Trump Admin. and Disaster Mon... Here’s something that our Fed can’t do anything about, inflation-wise: coconut prices have doubled due to extreme weather events. (More on weather and climate below.) The Federal Reserve doesn’t contr... | ||
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