Officially, there were 2 days at the end of November where the average lender’s 30yr fixed rates were just a hair lower (0.02% difference). Otherwise, today’s rates would be the lowest since late October. The improvement follows this morning’s release of November’s Consumer Price Index (CPI). Inflation was so far below expectations that it raised […]
Mortgage Rates Near Lowest Levels Since October Read More »
Freddie Mac has announced that it is closing the book on a temporary exchange offer used to make uniform trades of to-be-announced mortgage-backed securities possible several years ago. Processing Content The decision follows the reduction in the size of the market for older bonds that predated the arrival of UMBS in 2019. Around $1.5 trillion
Freddie Mac ending exchange offer used to create UMBS Read More »
California Attorney General Rob Bonta’s office countered a lawsuit from lenders this week, arguing a new zombie seconds law doesn’t bar certain foreclosures outright.Eric Lee/Bloomberg Lenders are raising a host of arguments to halt California’s new zombie seconds law, which they say will freeze the secondary mortgage market. Processing Content The California Mortgage Association and
California law hurts secondary mortgage market, lenders say Read More »