Over time, mortgage rate movement lines up almost perfectly with movement in the underlying bond market, but there can be day to day discrepancies depending on the timing of market volatility. Think of mortgage rates like a restaurant that adjusts menu prices daily depending on the price of ingredients. Sometimes, ingredient prices will change significantly […]
Mortgage Rates Fairly Flat Despite Bond Market Volatility Read More »
Adobe Stock Application gains slowed to a crawl last week after soaring earlier as fixed rates that dominate the market experienced a more subdued decline. Mortgage applications increased 0.6% following a 29.7% jump for the week ending Sept. 12, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. On an unadjusted basis, volume increased
Mortgage applications’ meager gains contrast previous spike Read More »
Foreclosure sales inched another notch up as credit issues in the broader consumer credit market rose to a new level, according to the respective findings in two new August reports. Sales of foreclosure properties in ICE Mortgage Technology’s latest First Look report ran 22.52% ahead of last year’s rates and crept up by 0.55% on
Foreclosure sales inch up, consumer credit issues spread Read More »