Looked at in a vacuum, and up until the last few hours of the day, Friday was no better or worse than the average day over the past several months. Compared to yesterday morning’s levels, the average lender was 0.01% higher–a small enough move to be effectively considered “unchanged.” This expanded to 0.05% in the […]
Mortgage Rates Held Fairly Steady Until Late in The Day Read More »
Credit score modernization overseen by Federal Housing Finance Agency Director Bill Pulte has taken time to implement and the next tier of lenders considering it may need more, but there is one step they can immediately take. Processing Content The whole loan market is already beginning to respond as government-sponsored enterprises that buy many mortgages
Pulte moves give whole loan sellers reason to act on VS4 Read More »
Mortgage rates, at least in the very short term, could have a neutral-to-positive reaction to the most recent Consumer Price Index report. In the long run, originators might have to plan marketing strategies around an inflationary environment. Processing Content This week’s CPI/PPI results leave a message for consumers about the housing market. “For home buyers,
Rising rates force concessions: reach sideline buyers Read More »