Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well. Those who didn’t will likely have to raise rates tomorrow unless the underlying bond market makes a significant recovery overnight. Rates […]
Highest Rates in More Than a Month Read More »
Analysts have largely forecast political inaction on an additional public offering for Fannie Mae and Freddie Mac until after the midterms, and one initiating coverage recently said odds are the wait could be longer. Processing Content Mizuho initiated coverage of both government-sponsored enterprises with a $10 price target for Fannie and $9 for Freddie. It
Fannie, Freddie investors risk ‘zero earnings’ through ’33 Read More »
Chase Home Lending is offering a mortgage rate discount for the next two weeks to boost activity in the second half of the spring homebuying season. Processing Content The promotion offers rate cuts of as much as 25 basis points, depending on product and location, on new-home purchases as well as rate-and-term and cash-out refinance
Chase Home Lending offers temporary mortgage rate discount Read More »