Mortgage originations hit a three-and-a-half-year high in the fourth quarter of last year, as year-low mortgage rates boosted refinance activity, new industry data found. Processing Content An estimated 565,000 first-lien refinances closed in the fourth quarter, up about 50% from a year prior and the most since the second quarter of 2022. This pushed total […]
Originations hit 3.5-year high in Q4 boosted by refinancing Read More »
Treasuries opened softer this morning, but Friday’s trading was nothing short of insane. Processing Content One thing happened, which did seem to make sense, the yield curve finally had a day of steepening, but that was about it. After opening weaker in front of a shockingly soft jobs report, the 5-year yield dropped 7+ bps
Treasury yields whipsaw as oil spike looms over Fed Read More »
Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6% range. If you saw that and thought, “Great. I missed it,” you’re not the only one. A lot of buyers are treating the 5s like some kind of magic
Should You Wait for Lower Rates? Read More »