Mortgage delinquency rates were up in the fourth quarter, with sharper increases in areas with rising unemployment rates and falling home prices, a new industry report shows. Processing Content While credit card and loan delinquency rates have mellowed, albeit at elevated rates, mortgage delinquency rates continued to steadily grow in the fourth quarter, although still […]
A K-shaped split is emerging in mortgage delinquencies Read More »
Mortgage rates rose for the second consecutive week, with the 30-year fixed up one basis point on average, as yesterday’s Federal Open Market Committee decision was expected by the majority of the marketplace. Processing Content The move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. Mortgage pricing
Mortgage rates rise as FOMC inaction adds to uncertainty Read More »
Key insight: BOK’s new mortgage-finance unit is gaining traction, and its portfolio could reach $1 billion in commitments by year-end. Expert quote: “I think the setup for 2026 is probably as good as I can remember, both from a company-performance perspective and from an economic-backdrop perspective.” — BOK Financial President and CEO Stacy Kymes Supporting
BOK counting on mortgage finance for a boost in 2026 Read More »
Mortgage rates moved slightly higher this week, as the 10-year Treasury yield remains elevated, in large part due to investor concerns over Pres. Trump’s Greenland pronouncements, and how those ended up blunting the housing message expected in Davos. Processing Content The good news is rates are still well below the 2025 peaks the market experienced
Mortgage rates rise as investors react to Greenland comments Read More »
Mortgage rates fell to their lowest levels in more than three years after Pres. Trump ordered a $200 billion purchase of agency mortgage-backed securities, Freddie Mac said. Processing Content Spreads were already tightening as Freddie Mac and Fannie Mae have increased the size of their respective retained portfolios in recent months. The announcement further narrowed
Mortgage rates reach three-year low after MBS buy order Read More »
(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his
Trump says furor over Powell probe won’t delay Fed pick Read More »
Just 14% of the economists surveyed by Wolters Kluwer expect the Federal Open Market Committee’s next short-term rate reduction to take place at its January meeting. Processing Content Overall, the Blue Chip Economic Indicators panel consensus is for two cuts during this year to the Fed Funds Rate and none next year, with almost no
Economists forecast just 50 basis points of Fed cuts in 2026 Read More »
A mostly flat December jobs report points to more of the same for housing and mortgage markets. Processing Content The U.S. added 50,000 non-farm payroll jobs last month, while the unemployment rate came in at 4.4%, according to the Bureau of Labor Statistics. The numbers edged down from 64,000 new jobs in November and a
Latest jobs report quashes rate cut expectations Read More »
Mortgage rates are starting 2026 marginally higher, according to Freddie Mac, with many observers expecting them to approach and possibly even move below the 6% barrier. Processing Content “In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark,” said Sam Khater, Freddie Mac’s
Conforming mortgage rates should remain around 6% in 2026 Read More »
Key Insight: Richmond Fed President Tom Barkin believes that as businesses gain confidence in the country’s robust economic demand and adjust to the new policy environment in Washington, hiring and investment should increase in the year ahead. Expert Quote: “Going forward, policy will require finely tuned judgments balancing progress on each side of our mandate.”
Fed’s Barkin optimistic about market uncertainty in 2026 Read More »