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Mortgage Rates Rise for Sixth Straight Week, Nearing 8%

Mortgage Rates Rise for Sixth Straight Week, Nearing 8%

Friday, 20 October 2023
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U.S. long-term mortgage rates have risen for a sixth consecutive week as they remain at their highest since December 2000. So reports the Associated Press. Read more...
First American Compares Housing Market to the '80s

First American Compares Housing Market to the '80s

Friday, 20 October 2023
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First American Data & Analytics has likened the current housing market to the market in the late 1970s and early ’80s, another period of recession and surging interest rates. So reports NEXT Mortgage News. Read more...
Fannie Mae: Higher Rates Will Keep Hurting Economy

Fannie Mae: Higher Rates Will Keep Hurting Economy

Friday, 20 October 2023
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Fannie Mae researchers have projected that recent months’ quick runup in interest rates will probably continue to dampen future economic growth. So reports RISMedia. Read more...
REBNY Changes Buyer’s Agent Commission Rules

REBNY Changes Buyer’s Agent Commission Rules

Friday, 20 October 2023
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The Real Estate Board of New York has adopted a change to its rules that will require sellers to pay the buyer’s agents directly, rather than listing brokers paying them. So reports The Real Deal. Read more...
MMG's Bodnar: Enough Bad To Go Around

MMG's Bodnar: Enough Bad To Go Around

Saturday, 14 October 2023
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 Bill Bodnar of the Mortgage Market Guide (MMG) discusses a safe haven trade as well as the potential fallout from the terror attack against Israel and subsequent conflict in Gaza and elsewhere.   Read more...
Fed Officials Say Rising Bond Yields May Stand in for Rate Hikes

Fed Officials Say Rising Bond Yields May Stand in for Rate Hikes

Saturday, 14 October 2023
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Two Federal Reserve officials have said that a spike in yields for U.S. long-term treasury bonds could lessen the need for the Fed to continue hiking interest rates. So reports Reuters. Read more...
UWM’s Ishbia Eyes New Investors for Phoenix Suns: Report

UWM’s Ishbia Eyes New Investors for Phoenix Suns: Report

Saturday, 14 October 2023
Lending
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United Wholesale Mortgage CEO Mat Ishbia has had talks exploring potentially adding new investors to the Phoenix Suns and Mercury basketball teams, according to sources with knowledge of the situation. So reports Bloomberg. Read more...
Industry Groups Warn Fed to Quit Hiking Rates... or Else

Industry Groups Warn Fed to Quit Hiking Rates... or Else

Saturday, 14 October 2023
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The National Association of Home Builders, the Mortgage Bankers Association and the National Association of Realtors have pressed the Federal Reserve to stop tightening the money supply, or else risk economic turmoil. So reports CNBC. Read more...
Mortgage Rates, at Post-2000 Highs, Rise for Fifth Straight Week

Mortgage Rates, at Post-2000 Highs, Rise for Fifth Straight Week

Saturday, 14 October 2023
Lending
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The average U.S. long-term mortgage rate has increased for a fifth consecutive week, remaining at the highest since December 1, 2000. So reports The Associated Press. Read more...
MMG's Bodnar: The Trend is Not Our Friend

MMG's Bodnar: The Trend is Not Our Friend

Saturday, 07 October 2023
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 Bill Bodnar of the Mortgage Market Guide (MMG) discusses the Friday jobs report, the implications of it on the bond market and the week ahead.    Read more...

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