Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

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Items Tagged with 'mortgage rates'

ARTICLES

Zillow: Mortgage rates fall further below 4%

Continues at sub-4% level for seventh week in a row
Ben Lane
Current rate borrowers were quoted an average interest rate of 3.82% on Zillow’s Mortgage Marketplace in the week that ended Tuesday, down from last week’s figure of 3.9%.
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Zillow: Mortgage rates below 4% for sixth consecutive week

Expects rates to remain at current level
Ben Lane
Current rate borrowers were quoted an average interest rate of 3.9% on Zillow’s Mortgage Marketplace in the week that ended Tuesday, which equaled the previous week’s figure of 3.9%.
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Zillow: Mortgage rates spike as QE3 ends, but remain below 4%

End of QE3 sends shockwaves
Current rate borrowers were quoted an average interest rate of 3.9% on Zillow’s Mortgage Marketplace in the week that ended Tuesday. When the QE3 officially ended last Wednesday, the 30-year FRM interest rate shot up, peaking at 4.15% on Thursday before settling back down to 3.9%.
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Freddie Mac: Mortgage rates rise above 4%

Second week of consecutive increases
Brena Swanson
Mortgage rates edged higher for the second consecutive week, slowly moving away from October’s yearly lows. The 30-year, fixed-rate mortgage officially increased back above 4% and averaged 4.02%.
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Drop in mortgage rates won't boost lender demand

Current refinance demand isn't sustainable
Brena Swanson
Despite a drop in mortgage rates and an increases in applications, one article argues that this looks more like a false dawn than a bright morning for mortgage lenders.
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Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you
Trey Garrison
The cost of originating mortgages and loan production is officially ridiculous and a question that arose at the Mortgage Bankers Association’s convention and expo last week was “Are record low mortgage rates masking from borrowers the high cost of mortgages?”
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Freddie Mac: Mortgages rates rise from yearly lows

Rates increase across the board.
Brena Swanson
Mortgage rates moved away from last week’s yearly lows and slightly increased across the board, with the 30-year, fixed-rate mortgage averaging 3.98% for the week ended Oct. 30.
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Mortgage applications drop 6.6% on jumbo refi decline

Refinancings still account for 65% of activity
Trey Garrison
Mortgage applications decreased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 24, 2014.
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Monday Morning Cup of Coffee: Will record low rates jumpstart mortgages?

Plus a new subprime wave, revised stress test, and housing metrics galore
Trey Garrison
The industry hopes record low rates will spark a surge in buying and refis, but there's a limit on how much those can help. Plus, will the new FHFA guidelines lead to a surge in subprime lending with all the risks that carries, or is it going to be different this time?
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Freddie Mac: Mortgage rates continue to fall below 4%

Hit lowest level in over a year
Brena Swanson
Mortgage rates continued to fall after last week’s significant drop and dipped to the lowest level since the week of June 6, 2013, the latest Freddie Mac Primary Mortgage Market Survey said.
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