Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via Pakistani mediators. Oil prices dropped sharply in response and bond yields followed the move. Bond yields correlate with mortgage rates. When yields are falling, mortgage […]
Mortgage Rates Follow Oil Prices Lower Read More »
A majority of homebuilders are reporting a rise in material costs this summer, with smaller businesses likely to feel the impact of higher prices more significantly. Processing Content Over 80% of companies surveyed said material prices increased in July compared to the same month a year ago, the National Association of Home Builders noted. The
Small builders’ rising costs pressure future home prices Read More »
Mortgage performance continues to improve in the third quarter, as delinquencies declined across all stages in July, a new industry report found. Processing Content The national delinquency rate dropped 16 basis points to 3.39% last month, Intercontinental Exchange’s latest first look report found. The rate was still 12 basis points above last year but 46
July delinquencies drop as ICE notes FHA performance pivot Read More »