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Today's Real Estate News Provided by Inman News
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Tuesday, January 1, 2013
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Mortgage And Real Estate News | ||
Mortgage Rates Edge Down From Recent Highs, But Remain Over 7% Mortgage rates hit their highest level in just over 3 months yesterday with financial markets generally protesting the absence of more serious spending cuts in the spending bill. Rates care abou... | ||
Non-QM, QC Trends, Past Borrower Mining Tools; House Passes Spending Bill; ... Yesterday I headed west from the conference while my son Robbie headed south to the nCino nSight event. But while in Manhattan Dawn S. asked me, “How do you know if there’s a vegan at your party?” Ans... | ||
Mortgage Rates Move Up to 3 Month Highs Two days ago, mortgage rates began the day at 7.04% before mid-day improvements brought the average back down to 6.99%. Today started out in a similar vein with the average lender at 7.05%, but ... | ||
Non-QM, Post-Closing, POS, Warehouse Products; Vendor Marketplace; FHA, VA,... As nearly a thousand capital markets staff, managers, and vendors head home from Manhattan, united in trying to help borrowers, in a reflection of the times, it’s interesting how divisive the times ar... | ||
Mortgage Rates Hold Steady Near Recent Highs Mortgage rates ultimately managed to hold steady on Tuesday despite some underlying market volatility. Rates change day to day (and sometimes intraday) based on movement in the bond market, and there'... | ||
Automation Pilot; MBA Pooling, Marketing, Cyber Insurance, Processing Tools... A mullah, a rabbi, and a priest walk into a bar here in New York. The bartender says, “What is this, some kind of joke?” What isn’t a joke is people’s pay, and trends in mortgage compensation, and thi... | ||
Mortgage Rates Briefly Over 7% Before Mid-Day Improvement Mortgage rates jumped sharply over the weekend as financial markets reacted to Moody's credit rating downgrade of the U.S. News of the downgrade broke with only minutes left in Friday's market/b... | ||
POS, LOS, HELOC, Legal Products; IMB Per Loan is Still a Loss; Lower Rates ... People who don’t attend the National Secondary here in Manhattan wonder what happens behind the scenes. Here you go. We had the MCT elevator failure last night, inconveniencing a carload of mortgage f... | ||
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... | ||
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