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Highest number of refinance applications since pandemic began
Mortgage bonds finally closed the gap between them and Treasury yields (with only a small cushion remaining), making rates a lot more susceptible to change.
Will rates keep rising in 2021?
Rates had a lot of momentum the first week of January, even more so than in June when the refinance fee was first introduced. The
Millennial and Generation X buyers drive up home prices
Rates maintained their record-breaking levels from last week, remaining nearly 1% below last year’s levels. This week, the 30-year fixed rate mortgage held steady at
An overview of 2020 (and sneak peek of 2021)
Despite some turbulence from year-end trading, rates continued their downward march. Interest rates on both mortgage products fell, with the 30-year fixed rate mortgage dropping
Housing projections for 2021
Markets had already priced in the possibility of a stimulus bill, so rates were little affected by news of the actual event. The 30-year fixed
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
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
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
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