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Why mortgage performance's slow deterioration has nuance
Dec 24, 2024 · The Mortgage Bankers Association reported Monday afternoon that forbearance rose for the sixth consecutive month in November to 0.5%, while a separate report showed Freddie Mac delinquencies manifest a similar trend during the …
Fed cuts but mortgage rates could be 'higher for longer'
Dec 18, 2024 · The 10-year Treasury yield rose 11 basis points, much of that after the FOMC announcement, to close at 4.49%. "The comments and tone of the meeting contradicted previous forecasts of more aggressive cuts causing pressure directly on bonds," said Phil Crescenzo Jr., vice president of the Southeast division at Nation One Mortgage Corp., noting that this resulted in lenders having to adjust ...
Applications go cold, breaking five-week streak of gains
Dec 18, 2024 · The winter housing market has arrived early. Last week's rising mortgage rates ended a five-week streak of application gains, the Mortgage Bankers Association reported. The trade group's application metrics were stagnant for the week ending Dec. 13, with the overall Market Composite Index falling 0.
More commission clawbacks are coming, insiders say
Dec 18, 2024 · That, especially based on recent home buying activity reports, is still likely to set off an increase in purchase activity.But that kind of drop could also spur refinance volume created from loans recently originated.. Fannie Mae's November outlook predicts the refi share of originations in 2025 to grow to 27% from 21% this year, even though it only expects rates to drop to 6.4% from 6.7%.
What the mortgage industry is watching on election night
Nov 4, 2024 · The GOP ticket has called for more executive influence with the Federal Reserve regarding interest rates. Analysts explained it would be difficult for Trump to force his way into such decisions, and pointed out the president already holds some sway via Board of Governors appointments.Executive influence on interest rates could also have spillover effects on the broader economy, experts said.
Jumbo loan activity hit a decade-low to begin the year
Oct 28, 2024 · The recent decline was more in line with activity early last year, when jumbo volume was 2% greater in the first half of 2023. CoreLogic blamed the slowdown in bigger home loans on the higher mortgage rates and home prices affecting buyers of all incomes across the market.. Among the nation's jumbo borrowers, just 4% have a rate above 7%, the property and data analytics firm reported.
U.S. election real estate financing and mortgage impacts | National ...
Oct 21, 2024 · The two GSEs could provide less support and pose more competition for the industry in privatized form, depending on how their role evolves. If released, the two enterprises will need to strike a balance between their efforts to fulfill their affordable housing mission and remaining competitive in the market as private entities, McCarthy said.
Lender Price Homepage - National Mortgage News
The surprisingly strong U.S. economy has driven Treasury yields to the highest since late November as investors dial back bets on interest-rate cuts, wagering that policymakers will be wary of easing policy prematurely.
Mortgage application volume tumbled ahead of the election
Nov 6, 2024 · In the past four weeks, purchase application volume dropped 32% while the number of refinance applications sank 48.5%, according to the Mortgage Bankers Association's Weekly Applications Survey. The trade group's top indexes fell by double digits from the week prior, as the 30-year fixed-rate mortgage rose slightly to 6.81% for the week ending Nov. 1.