Items Tagged with 'Interest rates'

ARTICLES

  • Thousands of mortgage lending jobs at risk as refis drop

    Refinances prepare for lowest level since 2000
    Thousands of lending jobs are now at risk as the number of refinances continue to fall, threatening to sink to their lowest level since 2000. One expert said overall mortgage originations could see a decrease of 15% to 20%, leading to a job loss of about 10% within the mortgage industry.
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  • Freddie Mac: Mortgage rates hit highest level since December 2016

    Continue steady climb that began in January
    Mortgage interest rates now sit at the highest level in more than a year, thanks to five straight weeks of increases. The latest data from Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate just hit its highest mark since December 2016.
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  • Expect first Federal interest rate rise to come in March

    Market places 77% chance of 25 basis point hike
    Wednesday afternoon, the Federal Reserve announced its decision not to raise the federal funds rate in January. After the Fed Funds futures pushed up their probability estimate for raising the federal funds rate in March, the market is now placing a 77% chance of a 25 basis point hike.
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  • 2018 will see refis plummet as interest rates increase

    Rates expected to rise 90 basis points by end of year
    At the NEXT 2018 women’s mortgage tech conference in Dallas, Texas, CoreLogic predicted the direction of mortgage rates in the upcoming year, and the consequences it will bring. CoreLogic’s principal economist explained, “One thing we know that’s happening is mortgage rates are going to go up.” Here’s what that will mean for lending in the year to come.
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  • Freddie Mac: Mortgage rates exceed 4% for first time since July

    Is this goodbye to interest rates in the 3% range?
    Mortgage rates continued rising in the last week, eventually breaching 4% for the first time since last summer, according to Freddie Mac’s latest Primary Mortgage Market Survey. Interest rates are also the highest they’ve been since May 2017. Here are the full details.
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  • MBA: Mortgage apps continue increasing

    30-year rate hits highest level since March
    Mortgage applications increased 4.1% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. And as apps continued to increase, mortgage rates continue to increase to their highest point in months or even years.
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  • FHFA report shows mortgage rates increasing as year ends

    Trailing index matches more recent data
    The most recent data from Freddie Mac showed that mortgage rates have been trending up over the last few weeks, nearly surpassing 4% in the last week of the year. A new trailing index report from the Federal Housing Finance Agency backs up the Freddie Mac data and shows that interest rates are indeed on the rise as 2017 ends.
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  • Case-Shiller: Renting could become more attractive than home buying in 2018

    Home prices rise 6% annually
    Home prices increased in October, and experts are beginning to fear 2018 could block many potential buyers out of the housing market, forcing them to rent. The Chairman of the Index Committee explained that since home prices are rising faster than wages, salaries, and inflation, some areas could see potential home buyers compelled to look at renting.
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