Today brought the scheduled monthly release of the Consumer Price Index (CPI). Of all the monthly economic reports, this one has had the biggest impact on the bond market and mortgage rates for roughly an entire [...]
By: Rob Chrisman Attorneys across the nation have taken note that the Federal Trade Commission has proposed a rule that would bar companies from requiring employees to sign a noncompete agreement, which limits workers' ability to leave [...]
Last Friday was a great day for mortgage rates with two important economic reports helping the bond market make serious gains (read more). Mortgage lenders base their rates primarily on the bond market, but they aren't [...]
BY: TED ROOD Mar 12 2021, 3:07PM Fannie Mae announced March 10 that they are limiting new loans secured by second homes or investment properties to 7% of the overall loans they purchase (roughly HALF their [...]
BY: JANN SWANSON Nov 20 2020, 12:04PM A recent survey by Lending Tree found that nearly half of Americans are thinking about moving in the not-to-distant future and it appears that the COVID-19 pandemic may be at least [...]
BY: MATTHEW GRAHAM Nov 20 2020, 6:41PM The National Association of Realtors' Existing Home Sales report is the broadest measure of housing market activity. It just hit a 14-year record for the 3rd month in a row. It's [...]
BY: MATTHEW GRAHAM Nov 9 2020, 3:28PM Last week ultimately ended up being great for mortgage rates, but only after a somewhat abrupt increase heading into the election. On Tuesday, the average lender raised rates at the [...]
PUBLISHED THU, OCT 29 20208:32 AM EDT JEFFCOX CNBCCOM KEY POINTS U.S. GDP accelerated at a 33.1% annualized pace in the third quarter. That was better than the 32% estimate from a Dow Jones economist [...]
BY: JANN SWANSON Oct 22 2020, 9:53AM Existing home sales rose again in September and are now blowing the doors off last year's numbers. The National Association of Realtors® says sales of single-family homes, townhomes, condominiums, and co-ops, rose [...]
BY: MATTHEW GRAHAM Oct 21 2020, 4:32PM Rates are appreciably higher than they were last week or indeed any time in past 4 weeks. That's surprising news to those laboring under misapprehensions created by widespread reports [...]