The two days of 2025 with the lowest rates were September 16th and October 28th. Both days happened to be the Tuesdays that preceded Fed rate cuts. On both occasions, those rate cuts were delivered with other comments from the Fed that the bond market didn’t like. The net effect is/was two very obvious dips […]
Mortgage Rates Holding at 2-Month Lows Read More »
The spread between the 10-year Treasury yields and 30-year fixed mortgage rates tightened at the end of 2025, largely driven by Fannie Mae and Freddie Mac increasing their holdings of mortgage-backed securities, a Keefe, Bruyette & Woods report claimed. Processing Content But a bigger picture issue overhanging the increase in portfolio size is should the
Mortgage spreads are narrowing, but for which reason? Read More »
United Wholesale Mortgage is trying to erase the remnants of a lawsuit which prominently scrutinizes the megalender’s relationship with its thousands of mortgage broker partners. Processing Content A federal judge gutted the racketeering class action suit last fall, which accuses the wholesale leader of conspiring with loyalist brokers to steer customers to higher-cost home loans.
UWM trying to toss lingering RESPA class action claims Read More »
First Federal Bank, headquartered in Lake City, Florida, is expanding its retail mortgage operations into Louisiana and Mississippi with the acquisition of NOLA Lending Group. Processing Content The mutual bank signed a definitive agreement to purchase NOLA Lending, a mortgage division of Louisiana-based Fidelity Bank, it announced in a press release Monday. The financial details
First Federal purchases Fidelity’s mortgage division Read More »
The effect of surging insurance costs over the past few years is raising alarms for many homeowners, with nearly half saying higher premiums are “seriously” influencing new purchase strategy. Processing Content Approximately 49% of homeowners said insurance costs factored in either “very heavily” or “seriously” behind purchase decisions, according to a recent survey from Kin.
Insurance costs ‘seriously’ influencing many home purchases Read More »
(Bloomberg) — Treasuries rose after the first batch of this week’s US economic reports was weaker than expected, with gains extending amid hefty buying of bullish options targeting a decline in the benchmark 10-year yield below 4% in the coming weeks. Processing Content Yields gravitated back toward session lows — down three to four basis
Treasuries rise on weak U.S. manufacturing, bullish option trades Read More »
David Paul Morris/Bloomberg Processing Content Key Insight: Minneapolis Fed President Neel Kashkari said the labor market is continuing to cool, though he wants to see additional data before deciding how monetary policy should proceed. Expert Quote: “My guess is we’re pretty close to neutral right now, and we just need to get more data to
Fed’s Kashkari flags concern about labor market Read More »
Treasuries pared gains spurred by demand for havens as the first full week of the new year brought an expected surge in sales of new corporate bonds that will compete for investor cash. Processing Content The rally sparked by the weekend US arrest of Venezuela’s President Nicolas Maduro also faltered as oil prices rebounded from
Treasuries rally stalls amid resurgent corporate bond supply Read More »
3 “Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation, life goals and readiness to become a homeowner.” So, instead of trying to time the market, focus on what you can control. Here are a few questions that can give you clarity
I have often debated whether the mortgage rate lockdown is real or just another housing myth. At first glance, the lockdown theory seems like common sense, so when mortgage rates jumped from 3% to 7% in 2022, it was logical to wonder why anyone would choose to sell their home. People with low rates seemed
New homeowner data challenges mortgage rate lockdown theory Read More »