The 2-basis-point rise in the 30-year fixed rate mortgage, even with the huge decline in Treasury yields, is a reaction to inflation and growing doubts that short-term rate cuts are on the horizon. Processing Content The 30-year FRM was at 6.53% on May 28, the Freddie Mac Primary Mortgage Market Survey found. This compared with […]
Mortgage rates rise again as bond market reacts to inflation Read More »
Three mortgage giants are in limbo yet again as Two Harbors adjourned another shareholder meeting Thursday. Processing Content Two Harbors in a press release said it wants to provide additional time to solicit additional proxies in favor of an acquisition bid by CrossCountry Mortgage. The company adjourned a shareholder meeting last week as competing interest
Two Harbors postpones vote as CrossCountry touts final offer Read More »
Sales of new US homes declined in April by more than forecast as builder incentives failed to motivate potential buyers at the start of the spring selling season. Processing Content Purchases of new single-family homes decreased 6.2% from March to a 622,000 annualized pace, according to government data released Thursday. Economists expected a 660,000 rate,
New-home sales declined by more than forecast in April Read More »