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Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

With a reinvigorated CFPB, what’s next for the NYDFS?

While the CFPB is reinvigorated under the Biden administration, there’s plenty of room for it to retake a leading role and coordinate with the NYDFS.

Does your CRM hurt or help the customer experience?

In real estate, data is king. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.


Freddie Mac: Mortgage rates slip back to 21-month low

Average 30-year fixed averaged 3.59%

Average fixed mortgage rates reversed course after rising last week, falling amid weaker than expected housing and economic data.

Fixed-rate mortgages rates are once again back near their May 23, 2013 lows, which reflected in the uptick in refinancing applications.

“Mortgage rates fell this week following the release of weaker than expected pending home sales, which fell 3.7% in December,” said Len Kiefer, deputy chief economist for Freddie Mac. “Moreover, real GDP growth for the fourth quarter was 2.6% and the Institute for Supply Management reported slower growth in manufacturing last month, both missing market consensus forecasts.”

The 30-year fixed-rate mortgage averaged 3.59% with an average 0.7 point for the week ending February 5, 2015, down from last week when it averaged 3.66%. A year ago at this time, the 30-year FRM averaged 4.32%. 

The 15-year FRM this week averaged 2.92% with an average 0.6 point, down from last week when it averaged 2.98%. A year ago at this time, the 15-year FRM averaged 3.40%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.82% this week with an average 0.4 point, down from last week when it averaged 2.86%. A year ago, the 5-year ARM averaged 3.12%.

The 1-year Treasury-indexed ARM averaged 2.39% this week with an average 0.4 point, up from last week when it averaged 2.38%. At this time last year, the 1-year ARM averaged 2.55%.    

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3d rendering of a row of luxury townhouses along a street

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