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 […]

Rates and Potential Volatility Are Much Higher Than Last Week

Mortgage rates were only modestly higher today, extending the recent losing streak to its 4th straight day. This keeps the average conventional 30yr fixed at 4.25% for top tier scenarios. Before that, it averaged 4.125% for most of February. Bond markets (which dictate interest rates) are taking their cues primarily from Fed rate hike expectations. […]

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

Rates Moved Even Lower Today Than You May Have Heard

It’s Thursday and thus time, once again, for the weekly mortgage rate survey from Freddie Mac. Over time and in the bigger picture, Freddie’s survey is an accurate way to track broad trends in rates. But because it primarily captures market movement that occurs in the first 2 days of any given week, and because […]

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. […]

Rates Lower Today, But Much Higher Than Last Week

Mortgage Rates managed to make modest gains today, moving just slightly lower for the average lender. That’s a welcome development after 10 straight days of higher rates, but it’s more of a symbolic victory for now. Reason being: most lenders are quoting the exact same rates as yesterday, with improvements limited to small adjustments in […]

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