December jobs data continues to support lower mortgage rates
Jobs Friday came and went without much reaction in bond yields because the labor market isn’t breaking, nor is it getting stronger. Mortgage rates dropped into the 5s for a… Read more »
Category: Mortgage
Bayview closes acquisition of Guild, taking lender private
Bayview Asset Management has closed its acquisition of Guild Holdings Company, the parent of Guild Mortgage, in a deal that takes the lender private and removes it from the New… Read more »
If “free money” broke housing before, a 50-year mortgage will finish the job
Slip out the back, Jack!Make a new plan, Stan. You don’t need to be coy, Roy. Just get yourself free. As Paul Simon sang in the song “50 Ways to Leave Your… Read more »
Homebuying off to strongest November start since 2022
Rebounding mortgage rates didn’t stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent… Read more »
More problems for homebuyers as government shutdown hits 30 days
Fannie and Freddie will want government employees to show they have reserves, and some homeowners are now outside the 30-day grace period for National Flood Insurance Program renewals.
When tariffs hit home
Last month, a federal appeals court ruled that many of the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were illegal. Gulp. The tariffs in question — sometimes… Read more »
The quiet advantage in real estate: Pre-approval
When it comes to real estate, the best outcomes rarely happen by chance. The buyers who succeed are usually the ones who prepare early, long before they walk into their… Read more »
Better mortgage spreads are capping rates in 2025
Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs, and the leadership of the Treasury, mortgage rates remained calm. Better mortgage spreads… Read more »
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected. The labor market isn’t tight anymore and that will eventually be good… Read more »
Mortgage rates poised to drop to 5.5% in 2024: Bloomberg
Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the… Read more »