Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed’s revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-short-term transactions (24hrs or less), it has the biggest impact on the shortest-term debt and a diminishing impact on longer term debt. While the typical mortgage […]
Mortgage Rates Stage Decent Recovery of Post-Fed Losses Read More »
Fraud prevention firm CertifID announced an expansion of its operational scope with the acquisition of CloseSimple, a digital communications and automation platform that counts hundreds of title companies as users. Processing Content The merger aims to combine some of the key services conducted at the end of a real estate transaction — identification and fraud
CertifID adds operational scope with CloseSimple acquisition Read More »
A slow start to the spring selling season from an affordability crisis led to less interest in buying a newly constructed home last month. Processing Content Though new home purchase applications for May were 3.8% higher from the same time last year, they were down 3% from April, the Mortgage Bankers Association reported Thursday. “Even
New-home loan applications drop as builder sentiment ebbs Read More »