President Trump’s executive order on mortgage credit could open up new funding resources and secondary market options for some Federal Home Loan Bank members, according to a new letter. Processing Content The letter from Ryan Donovan, president and CEO of the Council of Federal Home Loan Banks, suggests the order could be a springboard for […]
FHLB council maps out mortgage credit expansion plan Read More »
Purchase activity soared to kick off the spring market this year as climbing rates didn’t dampen momentum over last year’s tepid start. Processing Content Those mortgage locks in March were up 38% from February and 20% greater from the same time last year, according to Optimal Blue’s latest Market Advantage Report. Home buyers accounting for
Spring purchase activity jumps despite climbing rates Read More »
Mortgage rates are based on movement in the bond market and although bonds experienced some volatility in response to Iran war news over the weekend, they ended up in similar territory to Friday morning. As such, it’s no surprise to see mortgage rates in similar territory as well. The average lender began the day 0.02%
Mortgage Rates Hold Steady Over The Weekend Read More »