More 2017 Lows for Rates; More Trump Drama

Mortgage rates moved lower again. Drama surrounding the Trump administration was also present. But this time around, the political theater wasn’t responsible for the move lower in rates. In fact, it resulted in multiple lenders adjusting rate sheets higher in the middle of the day. Fortunately, rates fell enough in the morning that the net […]

Mortgage Rates Highest in More Than 2 Weeks

Mortgage rates moved moderately higher again today, as investors continued digesting the possibility of a “taper tantrum” in Europe. The US version of the taper tantrum occurred in 2013 when the Fed began signaling its intention to buy fewer bonds. Fed bond buying was a key motivation for the all-time low rates seen in 2012. […]

Mortgage Rates Lowest in More Than a Month

Mortgage rates fell fairly quickly today as investors adjusted bond market holdings for the new month (higher demand for bonds coincides with lower rates). Money managers have to hold a certain mix of bonds by the end of any given month and are then free to adjust holdings as the next month begins. This adjustment […]

Mortgage Rates Lowest in More Than a Month

Mortgage rates improved today, hitting the lowest levels in more than a month. Bond markets (which underlie mortgage rates) generally improved last week as the new administration’s ability to get policy changes through Congress was called into question by the breakdown of the new healthcare bill. As of last week, there was some hope that […]

Millennial Women More Likely to Get FHA Loans Than Men

A greater share of millennial women leveraged Federal Housing Administration loans than millennial men, Ellie Mae found in its latest Millennial …… Google Alert – FHA Loans

Single Millennial Women More Likely to Leverage FHA Loans Than Men According to Ellie Mae …

BUSINESS WIRE)–According to the December Ellie Mae Millennial Trackerâ„¢, 41 percent of single female primary homebuyers leveraged FHA loans …… Google Alert – FHA Loans

Renters More Likely to be Food Insecure than Homeowners

WASHINGTON – About 10.5 million American households, or roughly 8.9 percent, reported that in the past month their access to adequate food was limited by a lack of money and other resources, according to new 2015 American Housing Survey data released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. […]

HUD Awards More Than $14 Million to Help Low-Income Public Housing Residents Secure Higher Paying Jobs

WASHINGTON – In an effort to help low-income public housing residents secure higher paying jobs and access to greater opportunity, the U.S. Department of Housing and Urban Development (HUD) today announced a $ 14 million investment in six public housing authorities and their partners…. HUD Press Releases

HUD Awards More Than $56 Million for Housing and Community Development Projects in 77 Tribal Communities

WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) awarded $ 56.5 million to 77 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects and local jobs…. HUD Press Releases

Mortgage Rates Face More Volatility Despite Slight Recovery Today

Mortgage Rates fell modestly today, but only enough to bring upfront costs slightly lower for the same rates quoted yesterday. Still, it’s a most welcome development given the abrupt spike over the past few days (relative to the recently abnormal level of calm). That said, we can’t assume that it marks a change in the […]