Published by CNBC | March 23, 2022 The 30-year fixed mortgage loosely follows the yield on the 10-year U.S. Treasury, which is now at the highest level since May 2019. The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. …
Published by Fox Business | March 17, 2022 Odds of a U.S. recession have increased to 20% to 35% because of the Ukraine war, economists say Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war. The economists, led by Jan …
Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession Read More »
Published by CNBC | March 2, 2022 While mortgage rates rose to the highest level in two years last week, they have since fallen quite sharply due to the war in Ukraine. Mortgage demand stalled last week, as interest rates hit a multi-year high, but that will likely change quickly. Rates are now falling fast …
Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis Read More »
Published by FOX Business | October 8, 2021 The new debt ceiling extension will fund the government through Dec. 3 The Senate passed a temporary extension of the debt ceiling Thursday night in a 50 to 48 vote, giving the government enough funds to make it through December. The House of Representatives is expected to pass the …
What the New December Debt Ceiling Deadline Means for Mortgage Rates Read More »
Published by REALTOR Magazine | May 14, 2021 Low mortgage rates have helped with housing affordability at a time when home prices have surged by double-digit percentages over the past year due to increasing buyer demand. The average for the 30-year fixed-rate mortgage remained below 3% this week, but economists warn that rates in the 2% range likely …
Published by REALTOR Magazine | March 18, 2021 The Fed indicates they likely won’t raise interest rates until 2023—at the earliest. The Federal Reserve voted on Wednesday to keep its benchmark interest rate near zero and at historic lows as the economy continues to recover from the COVID-19 pandemic. The Fed went on further to …
Published by REALTOR.com | March 8, 2021 The Mortgage Bankers Association estimated that lenders originated some 7.1 million refinance loans last year. As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of …
Did You Refinance Your Mortgage Last Year? Here’s How It Could Affect Your Taxes Read More »
Published by REALTOR.com | March 4, 2021 It looks like the era of cheap loans may be coming to an end. For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which …
Mortgage Rates Tick Up Over 3 Percent, Dealing Home Buyers Another Blow Read More »
Originally published by REALTOR.com | January 27, 2021 If you’re playing the waiting game with mortgage rates, you may not want to wait much longer. A new study from Haus, the home-finance startup created by Uber co-founder Garrett Camp, examined what role seasonality, loan size, credit scores and other factors play in the mortgage rates that lenders …
Originally published by Barron’s | January 14, 2021 Mortgage rates typically rise and fall alongside the 10-year Treasury yield since both are influenced by investor activity in the bond market. Mortgage rates increased this week from their historic low. Home buyers and owners looking to refinance shouldn’t expect them to go back down. Bond yields, …
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