After spending the entirety of last week calmy holding the lowest levels in more than 3 years, mortgage rates jumped sharply higher yesterday. That said, everything’s relative. Even after that “sharp” increase, the average rate was still one of the lowest in years apart from last week. There was slightly more cause for concern this […]
Mortgage Rates Recover Moderately After Starting at 3-Week Highs Read More »
William Pulte, director of the Federal Housing Finance Agency during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington on Thursday, Feb. 27, 2025. Photographer: Al Drago/BloombergAl Drago/Bloomberg Fannie Mae, Freddie Mac and their oversight agency have responded to a couple of broader federal developments this week, including a falling out with
Fannie, Freddie join Anthropic ban, address DHS shutdown Read More »
The early reaction to the Iran conflict, with mortgage rates rising back above 6%, might be tempering an otherwise very positive outlook regarding the spring homebuying season. Processing Content The 10-year Treasury yield, one of the benchmarks used in pricing mortgages, had finally broken through the 4% floor on Feb. 27 to a 3.96% close.
Iran conflict’s impact on spring homebuying season Read More »