Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday’s latest levels. All that having been said, bonds experienced some of their own […]
Mortgage Rates End Week Roughly Unchanged Read More »
Key insight: Trump promises to not sign the bill, but has not said whether he plans to veto it or not. Forward look: The bill becomes law at midnight without Trump’s signature or veto. What’s at stake: A number of community bank-favored riders are in the bill, including two brokered deposit bills. WASHINGTON — President
Trump says he won’t sign housing bill Read More »
Application volume for Federal Housing Administration mortgages slowed in May, as did insurance-in-force growth, but the latter is still outpacing private mortgage insurance, an analysis of data by Keefe, Bruyette & Woods found. Processing Content Furthermore, mortgage delinquency trends for FHA, which increased meaningfully following a change in loan modification rules in October, look to
FHA volume slows as delinquencies show signs of easing Read More »