Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

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.

Mortgage

Freddie Mac: Mortgage rates rise 0.6%

Trade, currency sell-offs pushed Treasury yields higher

Average fixed mortgage rates following 10-year Treasury yields moved slightly higher in the week ending May 7, according to Freddie Mac's Primary Mortgage Market Survey .

“Mortgage rates rose this week to the highest level since the week of March 12 as a selloff in German bunds helped drive U.S. Treasury yields above 2.2%. The U.S. trade deficit reached $51.4 billion in March to the highest level since 2008,” said Len Kiefer, deputy chief economist, Freddie Mac. “Also, the Institute for Supply Management’s manufacturing index was unchanged in April, but manufacturing employment contracted as the index fell below 50 for the first time since May 2013.”

The 30-year, fixed-rate mortgage averaged 3.80% with an average 0.6 point for the week ending May 7, 2015, up from last week when it averaged 3.68%. A year ago at this time, the 30-year FRM averaged 4.21%. 

The 15-year, FRM this week averaged 3.02% with an average 0.6 point, up from last week when it averaged 2.94%. A year ago at this time, the 15-year FRM averaged 3.32%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.90% this week with an average 0.4 point, up from last week when it averaged 2.85%. A year ago, the 5-year ARM averaged 3.05%.

The 1-year Treasury-indexed ARM averaged 2.46% this week with an average 0.4 point, down from last week when it averaged 2.49%. At this time last year, the 1-year ARM averaged 2.43%.   

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