· Mortgage rates hit six week high The 30-year fixed rate jumped to 5.70%, and more volatility is expected as Senate debates the economic stimulus package.
Mortgage Rates Jump Sharply Higher this Week Mortgage rates are sharply higher this week, following U.S. Treasury yields higher. Average 30 year mortgage rates increased almost 30 basis points since the election. 30 year rates are up from 3.49 percent last week before the election to 3.77 percent today.
A blog keeping you up to date on current mortgage rates and market conditions.. Receive an Email Alert each time a story is posted to Mortgage Rate Watch.. Mortgage Rates Jump to 2-Week Highs.
Mortgage Rates Jump to 1-Year high; 30-year fixed 3.81% May 30, 2013 Staff 0 Comments Federal Reserve , interest rates , mortgages/housing market Growing expectations that the Federal Reserve will ease its accommodative policy has pushed bond yields higher, resulting in the highest mortgage rates in a year, Freddie Mac said Thursday.
· After a relatively flat period, U.S. mortgage rates jumped this week, according to Freddie Mac. The 30-year fixed mortgage averaged 4.21 percent for.
A strong job market and consumer credit are driving up mortgage rates for the third consecutive week and now to their highest level in six weeks. Mortgage rates are 0.82 percent higher than a year ago-the largest year-over-year increase since May 2014, Freddie Mac reports.
· U.S. mortgage rates surged to a five-month high, tracking a jump in bond yields after President Barack Obama agreed to extend tax cuts for two years. The average rate.
NEW YORK, Oct. 13, 2016 /PRNewswire/ — Mortgage rates continued their move higher this week with the benchmark 30-year fixed mortgage rate rising to 3.62. Bankrate: Mortgage Rates Jump to 4.
MGIC beats expectations, but new insurance written underwhelms A report critical of MGIC Investment Corp. sent a chill through the mortgage insurance sector last week.. On Wednesday, Morgan Stanley dean witter analyst kenneth A. Posner downgraded MGIC, the largest mortgage insurer, to "neutral." Mr. Posner said increased price competition and slower growth in the fourth quarter were the main reasons for his downgrade.Canada home prices fall the most since 2008 Record issuance of non-QM securities in the first quarter New Fed buys Commonwealth Mortgage to expand beyond New England The MMBA is the Commonwealth’s trade association representing the real estate finance industry. It is the largest mortgage association in New England, with over 225 corporate members throughout the region, and is one of the most successful in the country.A number of analysts and journalists have periodically reported that collateralized debt obligations issuance and outstanding have decreased since the financial crisis. In fact, CDOs outstanding have.canadian home prices fell by the most in seven years in October as prices in Toronto slipped for a third straight month following provincial government measures to cool the housing market in the.
The unadjusted version remained 4.0 percent higher than the same week one year ago. "After seeing a six-week streak, mortgage rates for 30-year loans increased slightly, which led to a pullback in.
Rise in hurricane recovery times could strain mortgage servicers Priced out of paradise: Why locals can no longer afford to live in Miami – The crisis affects not only the low-paid service workers who make up the bulk of the county’s workforce, but also its middle.SoFi reboots its mortgage business with new name, updated processes SoFi reboots its mortgage business with new name, updated. – The digital lender Social Finance rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes. Late last year, SoFi cut its mortgage department staff by 7% as it looked to revamp the business. "We’ve taken.
I hate to be the bearer of bad news, but as you might expect, mortgage rates are expected to move higher over the next few years. This isn’t a surprise, given their current historically low levels. But because a 30-year mortgage rate in the high 3% range has become the new normal, some might get sticker shock.