Tag Archives: Mortgage Rates

Mortgage Rates Highest in Over a Month

Mortgage rates were slightly higher today, depending on the lender.  Many lenders ended up raising rates last Friday afternoon as underlying bond markets weakened.  The remaining lenders had more distance to cover in terms of getting caught up with market movements.  The … Continue reading

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Treasury Weighs in With Mortgage Industry Recommendations

The Treasury Department has recommended some sweeping changes for consumer financial services including some directly impacting the mortgage industry. A new report recognizes the growing importance of non-depository institutions in the mortgage system, attributing it in part to various factors that have raised … Continue reading

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Existing Home Sales Below Expectations for Second Month

Analysts were expecting existing home sales to rebound in May after they fell behind year-ago levels in April.  However, the National Association of Realtors® (NAR) reported a second straight monthly loss, with the Northeast the only region where sales improved. Sales … Continue reading

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The Ever-Changing World of Private Mortgage Insurance; Capital Markets

Residential lenders aren’t the only ones having a tough time out there. Builder Hovnanian reported a Q2 loss of $9.8 million. The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the … Continue reading

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After Long Search, MBA Finds New Leadership

A nine-month search for a replacement for David H. Stevens as president and CEO of the Mortgage Bankers Association (MBA) ended today with the selection of Robert D. Broeksmit.  Broeksmit is a Certified Mortgage Banker (CMB)  and current president and chief … Continue reading

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Residential and Private Construction Numbers Solid in April

April turned out to be a solid month for construction.  The Census Bureau said that dollar value of new construction activity on residential, non-residential, and public projects was at a seasonally adjusted and annual total of $1.31 trillion.  This represented a … Continue reading

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Mortgage Rates & Market Improvements

Mortgage Rates Unchanged Despite Market Improvements Mortgage rates were generally unchanged today, although a few lenders offered slight improvements.  This stands in contrast to the noticeable improvements in underlying bond markets.  As we discussed yesterday, Treasury yields are leading the charge toward lower … Continue reading

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How To Find The Best Mortgage Lenders

Whether you’re moving to a new home or buying a home for the first time, you need to make sure you’re working with a mortgage lender or a mortgage broker who will find the best mortgage rates, take steps to make sure … Continue reading

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Move Over Millennials, Gen Z is Already Buying Homes

Who’s afraid of growing up?  Apparently not Generation Z.  The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership. Maria Lamagna, writing for MarketWatch says just shy of 100,000 members of Gen Z, whose ages … Continue reading

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Nevada home prices continue to rise

Home prices continued to rise while the number of home sales stabilized in September, according to statistics provided by the Greater Las Vegas Association of Realtors The median price of existing single-family homes sold during September through its multiple listing … Continue reading

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