Mortgage rates take a breather after rising for several weeks in a row – CNN
Mortgage rates take a breather after rising for several weeks in a row CNN
Mortgage rates take a breather after rising for several weeks in a row CNN
To say the last couple weeks have been bad for mortgage rates (and consumers) would be an enormous understatement. In fact, over the past month mortgage rates on the ever fashionable 30-year fixed have risen nearly a full percentage point. Weâre talking rates of around 3.375% in early May that have since rocketed to around… Read More »Mortgage Rates Experience Largest Single-Week Increase Since 2011
The post Mortgage Rates Experience Largest Single-Week Increase Since 2011 appeared first on The Truth About Mortgage.
A friend out in California asked me how much, on average, I spend on a bottle of wine. I replied, âAbout half an hour.â Plenty of wine is being consumed while watching Yellowstone and 1923, and while all the women are ogling Spencer Dutton in 1923, in some non-mortgage news to save the economy the Secretary of Homeland Security will announce next month that the Immigration and Customs Enforcement will start deporting seniors (instead of illegals) to lower Social Security and Medicare costs. A major study concluded that older people are easier to catch, offer less resistance, and, more importantly, will not remember how to get back home. In actual news, lenders who own servicing continue to peel it off because it either doesnât fit their portfolio, or they need the cash. The owners of lenders continue to examine various business strategies as we start 2023, with some thinking that it doesnât make sense to remain the size they are. There was a lot of mergers and acquisition activity last year, big and small. I am told by my M&A friends at STRATMOR (Garth & David) that 2023 is lining up for even more. (Both will be in San Diego at the IMB Conference if you want to confidentially meet up.) This weekâs podcast is sponsored by Candor. Candorâs patented automated underwriting decision engine, CogniTechâ¢, is a state-of-the-art, 100% machine platform that can handle infinite loan scenarios. Todayâs has Part Two of an interview with Tom Booker and Tom Showalter on how every underwrite is an anomaly.
A recent drop in mortgage rates and the uptick in home inventory has led to optimism in the air for the mortgage industry.
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.33 percent.
Mortgage rates fall for the fourth week in a row CNN
Mortgage Demand Soars 28% in One Week. Should You Lock in a Mortgage Now? The Motley Fool
Mortgage Q&A: âWhat mortgage rate can I expect?â The thing with mortgage rates is that they can vary greatly depending on a number of market forces and borrower-specific factors. That’s why it’s impossible to just throw a random interest rate out there such as 2.99% or 3.99%. Sure, a handful of borrowers may qualify for… Read More »What Mortgage Rate Can I Expect? Answer These Questions First
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Today’s mortgage and refinance rates Markets were closed yesterday for Martin Luther King Jr. Day. And average mortgage rates just inched higher last Friday. So far this morning, it’s looking […]