In anticipation of Tuesday’s inflation reading, mortgage rates eased compared to last week. HousingWire’s Mortgage Rate Center showed the average 30-year fixed rate for conventional loans at 7.08% on Tuesday, down from... Read more »
Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. In my 2024 forecast, I put the 10-year yield... Read more »
While the proposed tax credit appears unlikely to get through a Republican-controlled Congress, Biden has the ability to use the CFPB to push his housing policy agenda. An ‘unwelcome surprise’ A CFPB... Read more »
Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline... Read more »
The Desjardins Group, a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. That is stoking concerns that similar measures could be taken in... Read more »
The Long Island-based bank was under more pressure after rating agencies Fitch and Moody’s downgraded its debt ratings on March 1. This followed the company’s disclosure of internal control deficiencies and a... Read more »
Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected.... Read more »
Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales, the Federal Reserve reported in its Beige Book... Read more »
An aerial view shows a subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Illinois. Scott Olson | Getty Images Spring hasn’t officially sprung yet, but... Read more »
Commentary: What an industry pro learned after helping his parents get a reverse mortgage