Articles from January 2016

Mortgage Rates In Line With 8-Month Lows

Mortgage rates were at 3 month lows yesterday and today have moved in line with 8-month lows. For most lenders, there was a day or 2 in October that was just slightly better than today, but the differences are negligible. Before that, you’d have to go back to April to find anything remotely as good. […]

HUD and Census Bureau Report New Residential Sales in December

WASHINGTON – Sales of new single-family houses in December 2015 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. … HUD Press Releases

Harmed Ally borrowers have been sent $80 million in damages

FHA to Cut Insurance Rates on Multifamily Mortgages

WASHINGTON – In an effort to help preserve and increase the amount of affordable, quality rental housing across the country, the Federal Housing Administration (FHA) today announced a multifamily insurance rate reduction designed to encourage capital financing of affordable and energy-efficient apartments. The rate reductions announced today will take effect on April 1, 2016, and […]

Mortgage Rates Lower Despite Stock Rally

Mortgage rates did something they haven’t done all year today. They actually improved in the face of a stock rally. In fact, it was the third best day for stocks so far in 2016. The other 2 days resulted in noticeable moves higher for mortgage rates. The opposite was true today though there are a […]

Mortgage Rates Recover as Stocks Slide

Mortgage rates moved slightly lower today, recovering some of Friday’s losses. Those losses introduced the risk that 2016’s dominant trend toward lower rates could be in the early stages of turning a corner. Today’s improvements don’t necessarily confirm or reject that possibility. It continues to be the case that we may be waiting until Thursday […]

HUD and Census Bureau Announce New Residential Construction Activity in December

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2015…. HUD Press Releases

HUD Awards $1 Billion Through National Disaster Resilience Competition

WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro and the Rockefeller Foundation announced the winners of the $ 1 billion National Disaster Resilience Competition (NDRC)…. HUD Press Releases

Biggest Bounce of Year for Mortgage Rates

Mortgage rates moved higher at their quickest pace of 2016 today. Rates have been faithfully following the slide in equities prices, albeit at a gentler pace. With stocks capping their best 2 days of the year this afternoon, it’s no surprise to see rates in tow. Even though it’s the most abrupt move of the […]

Mortgage Rates Sideways Despite Market Weakness

Mortgage rates held mostly flat today, and that’s an accomplishment! Lenders set mortgage rates based primarily on the prices of mortgage-backed-securities (MBS), which are part of the bond market, and bonds lost quite a bit of ground today. That would normally push mortgage rates higher, but today it did not. What’s up with that? First, […]