True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Fraud risk factors at closing increased almost 90% last quarter

A variety of risk factors could be contributing to the drastic increase in wire and title fraud risk factors in mortgage and real estate closings – for example, compliance issues and an increase in transaction data errors.

Politics & MoneyMortgage

Mortgage rates to increase past 4.5% in 2018

One expert predicts rates could hit 5% mark

The Federal Reserve is expected increase mortgage rates up to three or four times in 2018, which could push 30-year mortgage rates up past 4% in 2018.

As mortgage rates usually follow the Treasury Yield, the federal funds rate sets the tone for the direction mortgage rates will take.

The Mortgage Bankers Association predicted mortgage rates will increase, but they will stay below 5%.

“The Federal Reserve has begun reducing its holdings of Treasury securities and mortgage backed securities, and this will put additional, modest upward pressure on mortgage rates,” MBA Chief Economist Mike Fratantoni said. “We expect that the 10-Year Treasury rate will stay below 3% through the end of 2018, and 30-year mortgage rates will stay below 5%.”

The MBA predicts rates will increase to 4.6% in 2018, 5% in 2019 and 5.3% in 2020.

The National Association of Realtors’ forecast was similar, saying it expects interest rates to end the year at 4.5%.

Realtor.com held a slightly higher outlook, saying mortgage rates will average 4.6% throughout the year, and reach 5% by the end of 2018.

Most Popular Articles

Mortgage forbearance drops to 4.36%, exits pick up steam

The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume.

May 10, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please