Articles from August 2016



Mortgage Rates Remain in Narrow Range Ahead of Important Week

Mortgage Rates moved modestly higher today , but remain in an excruciatingly narrow range in the bigger picture. Actually, there’s nothing too excruciating about it, unless you’re trying to find something interesting to say about day-to-day rate movement. Otherwise, it’s actually fairly pleasant that such a boring, persistent range has taken shape fairly close to […]

Mortgage Rates Battle Back From Recent Highs

Mortgage Rates were briefly at their highest levels in several weeks on Friday afternoon. This followed comments from the Fed’s Jackson Hole symposium. Markets interpreted those comments as the Fed being more likely to hike rates in 2016–possibly even twice! While mortgage rates are based on MBS (mortgage-backed-securities), as opposed to the Fed Funds Rate […]

Mortgage Rates Steady to Slightly Lower

Mortgage Rates were almost imperceptibly lower today, although underlying bond markets improved more noticeably. Why would rates not be more improved then? Part of the reason is the timing of Friday’s market movements and lender rate sheet release times. Markets deteriorated after most lenders posted rates on Friday, but few lenders went to the trouble […]

Mortgage Rates Slightly Higher After Fed Speakers

Mortgage Rates were unchanged to slightly lower this morning following the much-anticipated Jackson Hole speech from Fed Chair Janet Yellen. Markets were looking for clues about upcoming rate hikes, but true to form, Yellen played things close to the vest. Underlying bond markets initially indicated higher rates due to Yellen’s comment about the case for […]

HUD and VA Announce Additional Support to Help Homeless Veterans Find Permanent Homes

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced a second round of funding to help provide permanent homes to an estimated 108 veterans experiencing homelessness in seven states…. HUD Press Releases

HUD and Census Bureau Report New Residential Sales in July

WASHINGTON – Sales of new single-family houses in July 2016 were at a seasonally adjusted annual rate of 654,000, 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

Mortgage Rates Still Sideways and That’s Great!

Mortgage Rates , like most other interest rates, have seen record-setting levels of inactivity over the past 90 days. The Brexit vote in late June pushed rates to all-time lows and then the jobs report in early July pushed them back in the other direction. But after one week of correction, rates found themselves right […]

HUD Reaches Agreement with Florida Condo Association in Disability Discrimination Case

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today an agreement with Delvista Towers Condominium Association, Inc., of Aventura, Florida, and its property management company, resolving allegations of housing discrimination against residents with disabilities…. HUD Press Releases

HUD and Census Bureau Announce New Residential Construction Activity in July

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for July 2016…. HUD Press Releases

HUD Secretary Announces Disaster Assistance for Louisiana Storm Victims

WASHINGTON – U.S. Housing and Urban Development Secretary Julián Castro today announced HUD will speed federal disaster assistance to the State of Louisiana and provide support to homeowners and low-income renters forced from their homes due to severe storms and flooding…. HUD Press Releases