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Bodnar of MMG: What Omicron Means for You, Clients and Partners

In response to the emergence of Omicron, also known as B.1.1.529, a new and potentially more transmissible COVID variant, home loan rates improved from the highest levels of 2021. That's according to Bill Bodnar of The Mortgage Market Guide.  Read more...

FHFA Is Expected to Raise Loan Limits to Nearly $1M

The federal government will soon begin backing home loans of almost $1 million, experts have predicted. So reports CNN. Read more...

Mortgage Rates Rise to 3.1% Amid Uptick in Inflation

After a one-week decline, U.S. long-term mortgage rates have continued their recent march upward from historic lows. So reports MarketWatch. Read more...

Cooling Refinance Demand Drags Down Mortgage Activity

Demand for mortgages, particularly refinances, has kept declining as mortgage rates recover. So reports CNBC. Read more...

62% of U.S. Consumers Open to Buying a Home at Auction: Survey

With more homes predicted to hit the auction market following the expiration of the foreclosure moratorium, new survey results suggest that most consumers would weigh the option of buying a home at auction. That’s according to a press release from digital mortgage service provider ServiceLink. Read more...

GSEs’ RefiNow and RefiPossible Programs Target More Buyers

Fannie Mae and Freddie Mac recently launched initiatives, called RefiNow and RefiPossible respectively, aimed at low- to moderate-income borrowers who might not be able to find competitive rates otherwise. So reports CNBC. Read more...

Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

Historically low U.S. long-term mortgage rates have posted another decline, though higher prices and a lack of supply are keeping many potential buyers out of the market. So reports the Associated Press. Read more...

Mortgage Demand Rises as Homeowners Hustle to Refinance

Borrowers have hurried to take advantage after two straight weeks of declining mortgage rates. So reports CNBC. Read more...

Rocket Mortgage’s Nicole Beattie Named CEO of Amrock

Amrock, the real estate and title arm of Dan Gilbert’s Rocket Companies, has named Nicole Beattie, a veteran of sister business Rocket Mortgage, as its next CEO. So reports Crain’s Detroit Business. Read more...

Bodnar of MMG: Worst One Day Pricing Losses For Bonds Since March 2020

Bill Bodnar of The Mortgage Market Guide (MMG) shares his thoughts on bonds enduring their worst one day pricing losses since March 2020. Read more...

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