Open Menu
Close Menu

Mortgage Rates

Mortgage News Feed

  • Core Logic Sees Smaller Home Price Losses Ahead Despite Some "At-Risk" Markets
    The FHFA and S&P Case Shiller published home price index data last week for the month of November.  Both showed moderate month-over-month declines offset by still-high year-over-year numbers.  Today's CoreLogic home price data paints a similar picture (but for the month of December) with a modest 0.4% decline month-over-month and… Read more »
  • Black Knight Sees Home Price Gains Turning Negative Soon
    Black Knight’s Mortgage Monitor for December highlights a continuation of recent home price declines, an overview of current loan performances, rate lock activity, and buyer use of buydowns. December saw the sixth straight monthly decline in Black Knight’s Home Price Index (HPI). The seasonally adjusted index fell 0.45 percent from… Read more »
  • Mortgage Applications Slow Their Pace, But Rates Should Help Soon
    Mortgage activity slowed significantly last week, pulling the Mortgage Bankers Association’s (MBA’s) Market Composite lower after three weeks of gains. The Index, a measure of loan application volume, decreased 9.0 percent on a seasonally adjusted basis during the week ended January 27. It did, however, increase 6 percent on a… Read more »
  • Home Prices Are Slightly Lower, But Far From Plumetting
    As rates spiked and sales contracted at the fastest pace in decades last year, we knew the post-pandemic surge in home prices was set to reverse.  By the middle of 2022, the average forecast saw the annual pace of home price appreciation falling back toward historic norms with prices losing… Read more »
  • Latest Home Sales Data Adds to Case For a Bounce
    For those in the housing and mortgage market, there's certainly been a shift in the tone over the past few weeks.  I can't speak for everyone in that market, but in daily conversations with mortgage originators, the topic of an uptick in home sales is coming up for the first… Read more »
  • New Home Sales Look Like They Want to Bounce
    The Census Bureau's regularly scheduled monthly report on New Home Sales was released this morning.  The annual pace of 616k was right in line with the median forecast of 617k.  This is technically an improvement, but only because the previous month was revised down to 602k from 640k. In the… Read more »
  • Mortgage Apps are on the Rise as Rates Drift Lower
    Mortgage loan activity posted a third straight gain during the week ended January 20 . The Mortgage Brokers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, increased 7.0 percent on a seasonally adjusted basis from one week earlier and rose 1 percent on an… Read more »
  • Existing Home Sales Shrink for 11th Month
    Existing home sales fell back for the 11th straight month in December according to the National Association of Realtors® (NAR) The month’s sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments were at a seasonally adjusted annual rate of 4.02 million units. This is down 1.5 percent from November’s… Read more »
  • Some BIG Changes to Mortgage Costs Were Just Announced
    In a single moment, the fees for a vast majority of new mortgages in the US have changed.  In some cases, the changes are drastic, both for better and worse.  Let's break it down. What do you mean by "fees/costs?"   This refers to Loan Level Price Adjustments (LLPAs) imposed by… Read more »
  • Builders See a Turn-Around in Housing Starts on the Horizon
    On top of the solid report on mortgage volume earlier today, comes another hopeful report from the construction industry. The National Association of Home Builders (NAHB) says builder confidence in the new home market has improved for the first time in January after 12 straight months of declines. The NAHB/Wells… Read more »
Powered by Theme Mason