Mortgage rates continue operating in a narrow range with almost every day of the past two months falling between 6.8 and 7.0% for a top tier 30yr fixed scenario. Today’s average rate fell 0.03 after moving up 0.06 since June 12th. This morning’s most relevant potential influence–the Retail Sales report–turned out to have a limited […]
Mortgage Rates Slightly Lower Ahead of Fed Day Read More »
ICE Mortgage Technology has launched its own publicly available weekly average prime offer rate [APOR] index, the company announced Tuesday. The APOR index is the underlying interest rate source used to determine what qualifies as a higher-priced mortgage loan under federal regulations. For more than a decade, the Consumer Financial Protection Bureau has published the
ICE Mortgage Technology launches its own APOR index Read More »
Privatizing Fannie Mae and Freddie Mac risks a return to the kind of perilous mortgages that helped cause the global financial crisis unless regulatory safeguards are kept in place, an affordable housing nonprofit said in a paper on Tuesday. READ MORE: GSE overhaul talk revives as key players meet “This is essential to averting the
Fannie, Freddie need rules to avoid ‘Race to the Bottom,’ NHC says Read More »