Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday.
Mortgage applications pulled back last week as rising rates weighed on homebuyer demand, while refinance activity remained largely flat. The Mortgage Bankers Association (MBA) reported a 2.3% decrease ...
Mortgage lenders rely on the bond market to generate mortgage rates. In addition to being fully closed on Monday for Memorial Day, bonds also close 3 hours earlier than normal on the preceding Friday ...
After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back ...
Residential construction activity was mixed again in April, as building permits rebounded while housing starts pulled back ...
Builder confidence improved modestly in May, though sentiment remained subdued as elevated mortgage rates, affordability pressures, and broader economic uncertainty continued to weigh on the housing ...
Bonds are starting the session at the best levels of the week with modest overnight gains getting a small boost from news that Pakistan's army chief (a central figure in mediating US/Iran peace talks) ...
Here in New York, as over a thousand of us head to airports (hopefully avoiding manholes… tragic), the mood has been ...
For those of you who like maps, here’s one of the states’ closing costs. And here’s something for companies who have training ...
Lots of folks were leaving the MBA’s National Secondary yesterday, and many comments and questions were heard. “Did you hear ...
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