by confoundedinterest17 This has been a brutal week for consumers. With the Russia/Ukraine conflict raging and Congress seems determined to not allow for additional oil and gas production, and Biden’s anti-fossil fuel edicts still in place, we are seeing dramatic price …
by confoundedinterest17 While Corelogic’s January home price index was hot, hot, hot (UP 19.1% YoY), today’s mortgage applications index for the week ending February 25, 2022 was not, not, not. Mortgage applications decreased 0.71 percent from one week earlier, according to data from …
by Shaun Richards Today we can shift focus to the Bank of England and the UK economy as we look at the latest monetary data. First we can reflect on this one of its policymakers on Friday. “To me, the …
by confoundedinterest17 As someone who needs to move to Ohio, I would really appreciate it if mortgage rates would more closely follow the 10-year Treasury yield. But alas, Bankrate’s 30-year mortgage rate just rose to 4.30% as the US Treasury 10-year …
by confoundedinterest17 Well, at least markets recovered yesterday (Dow up 500 points this AM) from the Russian invasion of Ukraine. But now on to other news. US pending home sales fell -9.07% YoY as mortgage interest rates began rising. The University …
by confoundedinterest17 As The Federal Reserve threatens to tighten monetary policy, 30-year mortgage rates have risen to 4.25% leading two major mortgage companies, Rocket Mortgage and United Wholesale Mortgage, to decline to all-time lows. But wait, Federal Reserve officials signaled they …
by confoundedinterest17 US new home sales declined -19.3% YoY in January as mortgage rates have risen awfully fast. On a MoM basis, US housing starts declined -4.53% from December, but heck … its winter. The median price for new homes rose …
by confoundedinterest17 Alarm! It is not surprising that applications for a residential mortgage have crashed and burned after The Federal Reserve’s announced intentions to raise their target rate and trim the ballast in the economic tanks. But dang! Mortgage applications decreased …
by confoundedinterest17 As US/Russian tensions grow over Ukraine, The Federal Reserve may be forced to postpone or reduce planned rate increases and balance sheet trimming. But in addition, we see US GDP slowing to near zero (1.285%) as the US …
Even before you start looking for your new home — whether buying your first or your forever home — you need to know what you can afford. Further, it really helps your negotiating position as a buyer if you already …
by Fast_Championship_R Title says it all. Just looking at the current market and where rates are going is a recipe for disaster. Last few years they had between 2-3X regular refinance volume. Leaving a large pool of borrowers who will …
by confoundedinterest17 The US 30-year mortgage rate broke through the 4% barrier. According to Bankrate’s mortgage survey, the 30-year mortgage rate is now 4.2%. Even more interesting is the 5/1 Adjustable Rate Mortgage (ARM) rate falling slightly to 2.87%. That is …
by confoundedinterest17 The Mortgage Bankers Association (MBA) released their weekly mortgage application survey this morning. Mortgage applications decreased 8.1 percent from one week earlier, for the week ending February 4, 2022. The Refinance Index decreased 7 percent from the previous week …
by confoundedinterest17 30 Trillion in debt and what do you get? Another day older and deeper in debt. What else do we get? Rising inflation and rising interest rates. Mortgage rates are rising rapidly as The Federal Reserve contemplates 5-7 rate …
View post on imgur.com https://www.mortgagenewsdaily.com/mortgage-rates 30y mortgage rates in the US just hit 3.85%: that’s 1pp higher vs Feb 2021. The new marginal buyer’s real salary has shrunk, but let’s say he wants to pay the same $2k/month. He can …
by confoundedinterest17 Alarm! US 30-year mortgage rates are up 100 basis points and climbing since January 4, 2021. Most of the increase has occurred since the turn of the year into 2022. According to the Bankrate 30-year mortgage rate index, the …
by confoundedinterest17 Its the same all over the WESTERN world as sovereign yields are starting to rapidly rise. (Bloomberg) — European Central Bank President Christine Lagarde is no longer ruling out an interest-rate hike this year, a pivot toward the tightening stance of global peers …
by confoundedinterest17 US new home sales spiked in December by 11.9% from November, but were down 14% year-over-year. But the median price of new home sales (YoY) declined to 3.4%. The Midwest saw a surge in new home sales (+56%). …
by laflammaster https://www.fitchratings.com/research/structured-finance/fitch-takes-various-actions-on-already-distressed-bonds-in-two-us-cmbs-transactions-21-01-2022 https://www.fitchratings.com/research/structured-finance/fitch-takes-various-actions-on-already-distressed-bonds-in-two-us-cmbs-transactions-21-01-2022
by confoundedinterest17 The 10-year Treasury Note yield rose to 1.869% this afternoon as Freddie Mac’s 30-year mortgage commitment rate rose to 3.45%. And if you like The Fed Funds Futures data, it is pricing in 4 rate hikes by The Fed …
by confoundedinterest17 Mortgage rates in the U.S. rose for a third straight week, reaching the highest point in almost two years. The average for a 30-year loan was 3.45%, up from 3.22% last week and the highest since March 2020, Freddie Mac …
by confoundedinterest17 US mortgage purchase applications rose 51.2% from previous week, despite mortgage rates rising. Of course, the first weeks of most years see large increases in mortgage purchase applications. Mortgage refinancing applications were up 42.77% from the previous week. Here …
by confoundedinterest17 2022 should be an interesting year as the wheels come off The Fed’s constant stimulation of markets. Today, we saw the 10-year Treasury Note yield almost hit 1.8% as mortgage rates rose to 3.22%. Unfortunately for crypto investors, bitcoin …
by confoundedinterest17 It looks like markets are buying into the prospect of The Federal Reserve raising rates three times (Bob) in 2022. And ceasing COVID monetary stimulus. Today, the 10-year Treasury yield rose to PRE-COVID levels of 1.783%. And the …
by confoundedinterest17 The last mortgage purchase applications index from the Mortgage Bankers Association was released this morning. The headline is “Mortgage Purchase Applications Plunge 10% WoW (since the previous week). But this is called “Seasonality.” And it happens EVERY YEAR. …
by Martin Armstrong The post-pandemic real estate frenzy led to mortgage lenders issuing more money last year than ever before. According to records, mortgage lenders in the US issued $1.6 trillion in purchase loans in 2021, an increase from $1.48 …
by confoundedinterest17 There is a lot going on in the US housing market. Excessive monetary stimulus keeping mortgage rates low, historically low inventory available for sale, and FOMO (fear of missing out … on rapidly rising home prices). The Case-Shiller repeat …
by confoundedinterest17 The Freddie Mac 30-year mortgage commitment rate rose to 3.12%. But once we subtract the gut-wrenching inflation rate, the REAL 30-year mortgage rate is -3.689%. The nominal Freddie Mac 30-year commitment rate rose to 3.12% which is still lower …
by confoundedinterest17 As Parks and Recreation’s Martin Housely said, “Weird, wacky stuff.” We now have the S&P 500 REAL earnings yield at -2.33%. REAL US average hourly wage growth is at -1.43% and the REAL 30-year mortgage rate is at -3.11%. The …
by confoundedinterest17 Despite the “Talk, Talk” from The Federal Reserve about balance sheet taper and rate “normalization,” we actually saw the 10-year Treasury yield fall from 1.6651% on 11/23/2021 to 1.343 on 12/3/2021. While the 30-year mortgage rate only fell from 3.31% to …