How is the Fed meeting going to affect rates?
Rates have once again fallen to the all-time lows we saw earlier this year in August 2020. The 30-year fixed rate mortgage and the 15-year …
Mortgage bonds are beating out U.S. Treasury bonds
Rates are staying low despite Treasuries’ lift-off in December. The 30-year fixed rate mortgage fell 2 basis points to 2.80% while the 15-year held at …
Mortgage bonds are beating out U.S. Treasury bonds Read More »
Homes get a little more affordable
Rates dropped a few more basis points coming out of the holiday weekend. In the midst of geopolitical intrigue and vaccine developments, the 30-year fixed …
Rates hit new lows for the 13th time this year
Rates are beginning to hunker down and settle in as we enter the holiday season. The 30-year fixed rate mortgage fell 5 basis points to …
Vaccine developments could spell the end of low interest rates
While long-term prospects are shaping up with announcements of a 94% effective vaccine, mortgage rates are paying more attention to the short-term troubles we’ll face …
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home builder stock prices drop while apartment REITs rise
Rates fell in grand fashion last Thursday as Biden took the lead in multiple swing states while, in the Senate, Republicans continued to hold onto …
home builder stock prices drop while apartment REITs rise Read More »
Number of homes for sale drops to lowest recorded levels
Both the 30- and 15-year mortgage moved up 2 basis points, leaving the 30-year fixed rate mortgage at 3.02% while the 15-year fixed rate mortgage …
Number of homes for sale drops to lowest recorded levels Read More »
Biggest hike in home prices in 2 years
Rates become a little more volatile in anticipation of election day next week with the 30- and 15-year mortgages moving in different directions. While the …
New updates from the Federal Housing Finance Agency
Rates continue to move sideways, despite plenty of movement in the bond market, as they await the resolution of uncertainties such as the presidential election, …
New updates from the Federal Housing Finance Agency Read More »
Revenue from home loans to hit $3 billion in 2020
After the long weekend, rates are for the most part staying in place; the 30-year fixed rate mortgage shifted down 1 solitary basis point while …
Revenue from home loans to hit $3 billion in 2020 Read More »