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30-Year Mortgage Rate Slips Back Below 3%

30-Year Mortgage Rate Slips Back Below 3%

Friday, 28 May 2021
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After rising to 3% the previous week, the rate on the 30-year mortgage averaged 2.95% in the week ending May 27, according to Freddie Mac. So reports Bankrate. Read more...
April Pending Home Sales Unexpectedly Sink

April Pending Home Sales Unexpectedly Sink

Friday, 28 May 2021
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A monthly gauge of existing home sales has dropped, contrary to economists’ projections, a sign that rising home prices have constrained potential buyers. So reports MarketWatch. Read more...
Jobless Claims Fall for Fourth Week to New Pandemic Low

Jobless Claims Fall for Fourth Week to New Pandemic Low

Friday, 28 May 2021
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The jobs picture continues to brighten, as initial unemployment claims have fallen for four straight weeks now, reaching a 14-month low. So reports Yahoo! Finance. Read more...
Bodnar of MMG: Rates Hit 3-Month High, Then Things Changed

Bodnar of MMG: Rates Hit 3-Month High, Then Things Changed

Thursday, 27 May 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) notes that mortgage rates touched the best levels in three months as MBS prices had their highest closing price since March 2nd. But then things changed later in the week as prices faded. Read more...
Bodnar of MMG: Examining Wacky Wednesday and the Fed Minutes

Bodnar of MMG: Examining Wacky Wednesday and the Fed Minutes

Monday, 24 May 2021
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In this video Bill Bodnar of The Mortgage Market Guide (MMG) discusses Wacky Wednesday, Fed Minutes breakdown and knee-jerk reaction, what's next for the Fed, some pipeline management thoughts and what to watch in the days ahead. Read more...
Mortgage Forbearance Helped Businesses, Homeowners: Fed

Mortgage Forbearance Helped Businesses, Homeowners: Fed

Monday, 24 May 2021
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The Federal Reserve Bank of New York has released research finding that mortgage forbearance was a boon for small businesses and low-income homeowners. So reports Reuters. Read more...
30-Year Mortgage Rate Edges Back Up to 3%

30-Year Mortgage Rate Edges Back Up to 3%

Monday, 24 May 2021
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The 30-year fixed-rate mortgage averaged a 3% rate in the week ending May 20, according to Freddie Mac. So reports Bankrate. Read more...
Fannie Mae Cuts Q2 Sales Estimates for Existing Homes

Fannie Mae Cuts Q2 Sales Estimates for Existing Homes

Monday, 24 May 2021
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Fannie Mae has reduced its second-quarter projections for sales of existing homes amid a dearth of listings. So reports Inman. Read more...
HUD Secretary Marcia Fudge Unfurls $5B to House Homeless

HUD Secretary Marcia Fudge Unfurls $5B to House Homeless

Monday, 24 May 2021
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U.S. Department of Housing and Urban Development Secretary Marcia Fudge announced that her agency will spend $5 billion in American Rescue Plan funding to help shelter the homeless. So reports Cleveland.com. Read more...
Genworth Nixes Mortgage Insurance IPO, Citing 'Volatility'

Genworth Nixes Mortgage Insurance IPO, Citing 'Volatility'

Monday, 24 May 2021
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Genworth has postponed the planned initial public offering of its mortgage insurance subsidiary, Enact Holdings, according to a press release. Read more...

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