Articles Tagged with ''Mortgage''

Homebuyers, now might be the time to buy

Mortgage rates retreat to lowest level since early October
Mortgage rates declined this week, falling across the board, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the dip in mortgage rates offers a window of opportunity for potential buyers.
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Freddie Mac: Mortgage rates gradually increase

Stability attributed to economic pressure and subdued wage growth
Mortgage rates held steady this week, moderately increasing, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite recent market volatility, mortgage rates remained steady this week.
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Freddie Mac: Mortgage rates hit 7-year high

Coastal markets see price deceleration
Mortgage rates have now reached a seven-year high, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the strength of the economy, strong business activity and employment growth are responsible for the climb.
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Freddie Mac: Mortgage rates dip slightly

Entry-level inventory shortage bigger deterrence than mortgage rates
Mortgage rates dipped slightly this week according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite higher mortgage rates, the monthly mortgage payment remains affordable.
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Moody’s: Mortgage lending is getting riskier and that’s a problem

“The five C’s of credit” are relaxing
For the most part, new mortgages are solid, especially considering the high credit scores; improved documentation and appraisal practices; and few loans with variable payments — regulatory restrictions on loan officer compensation arrangements would also help prevent riskier lending, Moody's claims. But...
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Freddie Mac: Mortgage rates slightly increase

Rates are expected to rise, put downward pressure on purchasing activity
Mortgage rates reversed course this week, rising slightly across the board, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said While higher borrowing costs will keep some people out of the market, buyers with more flexibility could take advantage of the decreased competition.
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Freddie Mac: Mortgage rates slightly retreat

A strong economy is expected to sustain demand
After weeks of continual increases, mortgage rates finally slowed down, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the modest decline in mortgage rates is a welcome respite from the rapid increase in rates the last few weeks.
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Wells Fargo mortgage originations tumble amid rising interest rates

Mortgage banking income on the rise, despite declining originations
As interest rates have risen over the last several months, mortgage originations appear to be trending down, especially in the refinance space. Wells Fargo reported Friday that it originated $46 billion in mortgages in the third quarter, which is down 22% from last year’s total of $59 billion during the same time period.
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