Mortgage rates were already drifting higher in the first half of the week, but that was nothing compared to today. This afternoon's Fed Announcement was certainly on the radar as a potential source of volatility. Needless to say, it de...
Housing starts recovered in May after falling more than 9 percent in April but permitting had another lackluster month. The U.S. Census Bureau and Department of Housing and Urban Development report that residential units were started at a seasonally ad...
The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped 2 points in June. The Index, a measure of home builders' confidence in the market for newly built homes, fell to 81, its lowest reading since last Au...
A new report from the National Association of Realtors® (NAR) says that the demand for and sale of vacation homes soared during the pandemic. While that impetus may be winding down, we wonder if we are about to see an example of "push comes t...
Mortgage application activity bounced back from the Memorial Day holiday week with a seasonally adjusted increase of 4.2 percent in the Mortgage Bankers Association's (MBA's) Market Composite Index. On an unadjusted basis the index rose 15 ...
Mortgage rates had a great week last week, ultimately getting very close to the lowest levels since March. One of the main sources of motivation was the market phenomenon known as a "short squeeze." In not so many words, this means that too...
No, this isn't one of those click-bait headlines that promise to share "one weird trick" or proclaim "you'll never believe what happened next." Well, actually, some people might have a hard time believing this one. In the interest of respecting the tim...
The number of loans in forbearance declined by 61,000 or 2.9 percent during the week ended June 8. Black Knight said that 2.06 million loans remain in various forbearance programs, 3.9 percent of all active mortgages. There were significant declines am...
Lenders aren't taking the refinance boom for granted. Fannie Mae's second quarter Mortgage Lender Sentiment Survey found most respondents do not expect business, and therefore profits, to remain at current levels. Sixty-nine percent said profit margins...
