Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned in greater numbers this year. Recent data from... Read more »
The fallout from Fed day got out of hand very quickly. The market reacted badly to the FOMC statement and remarks by Federal Reserve Chairman Powell during the Q&A presser, sending the... Read more »
The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Typically, we expect a decrease in activity with elevated rates, but a seasonal... Read more »
Onity Group, the recently rebranded parent company of top-10 lender Liberty Reverse Mortgage, posted improved earnings results in the third quarter of the year — with particular attention given to the profitability... Read more »
United Wholesale Mortgage (UWM) announced on Wednesday that it’s offering a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 89.99% and no mortgage insurance. The announcement comes after... Read more »
Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower,... Read more »
The Federal Reserve cut rates by 0.50% on Sept. 18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2%... Read more »
Despite continued pessimism surrounding mortgage rates, home buyers and sellers are feeling a bit more confident in the housing market lately, according to recent data from Fannie Mae. The latest Fannie Mae... Read more »
Running an Airbnb in L.A. has never been more profitable. As the city tries to crack down on illegal listings, and advocacy groups complain about the company’s effect on L.A.’s housing crisis,... Read more »
Weekly housing inventory data Mortgage rates are still above 7% and haven’t been able to break below 6.50% for some time now. With mortgage rates higher, will this stop inventory from growing... Read more »