Why Refinancing Your Mortgage Is About To Get More Expensive
By Clare Trapasso | Aug 13, 2020 One of the bright spots of the pandemic and ensuing financial pain for homeowners is that they've been able to refinance their mortgages at record-low rates—and save quite a [...]
Mortgage Rates Pummeled By Regulatory Drama
BY: MATTHEW GRAHAM Aug 13 2020, 6:04PM At face value, the bonds that underlie the mortgage market didn't sustain too much damage today. If there was nothing else to inspire lender rate changes, we might not [...]
Delinquencies Growing; More Government Assistance Needed
BY: JANN SWANSON Aug 11 2020, 10:34AM COVID-19 continued to impact mortgage performance in May. CoreLogic said the number of loans in each stage of delinquency, with the exception of those in foreclosure, grew in May, [...]
CoreLogic: “Overall Mortgage Delinquency Rates Beginning to Climb”
TUESDAY, AUGUST 11, 2020 From CoreLogic On a national level, 7.3% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 3.7-percentage point increase [...]
How Low Can Rates Eventually Go?
BY: MATTHEW GRAHAM Jul 24 2020, 4:16PM The bond market saw yet another week with rates in a holding pattern at historic lows. With coronavirus being the primary motivation for rates, it wouldn't be a surprise [...]
New Home Sales Explode Back to Pre-Pandemic Levels
BY: JANN SWANSON Jul 24 2020, 10:29AM New Home sales have done it again, rising for the third straight month. The U.S. Census Bureau and Department of Housing and Urban Development estimate that newly constructed single-family [...]
Forecasters See Surprisingly Strong Housing Rebound, But There Are Risks
BY: JANN SWANSON Jul 14 2020, 2:34PM The reopening of the economy in several states from the COVID-19 shutdowns has moved Fannie Mae's Economic and Strategic Research (ESR) Group to raise its estimate for the 2020 full year [...]
Sure, Rates Are Low, But It’s Getting Harder to Get a Loan
BY: JANN SWANSON Jul 9 2020, 3:03PM Credit tightening is becoming more evident according to the Mortgage Bankers Association (MBA). Its Mortgage Credit Availability Index fell to a reading of 125.0 in June, a loss of 3.3 percent. A [...]
Housing Market Confidence Continues to Bounce Back
BY: JANN SWANSON Jul 8 2020, 12:19PM Fannie Mae's Home Purchase Sentiment Index (HPSI) continued to rebound last month from its sharp retreat to near record lows in the Spring. The Index, based on selected responses [...]