Items Tagged with 'Interest rates'

ARTICLES

  • Are we headed for a housing slowdown this summer?

    Will mortgage rates at recent record levels drive down home buying?
    Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the mortgage business. But what about everybody else? Is that sticker shock going to drive some prospective buyers to remain prospective buyers this summer?
    Read More
  • Freddie Mac: Mortgage rates hit seven-year high

    The highest level since 2011
    Mortgage interest rates are now as high as they've been in seven years. Despite falling in previous weeks, interest rates reversed course, and rose to the highest level since 2011, according to Freddie Mac’s latest Primary Mortgage Market survey.
    Read More
  • Freddie Mac: Rising interest rates aren’t holding back homebuyers

    Demand for purchase credit remains solid
    Interest rates remained steady for the week, but even their significant increase from last year isn’t holding back homebuyers. But Freddie Mac explained the minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth and restrained inflation.
    Read More
  • Here's where to find some good news for mortgage lenders

    Refis down, mortgage profits down, true, but desire to buy homes is still growing
    Looking for some good lending news during a downturn? LendingLife has your back. Yes, it is true that rates are rising, per loan profits are down, credit feels tight and refinances are dipping. But, the good news is that the perception of homeownership as a good investment is on the rise. And that's not the only good news for lenders right now.
    Read More
  • Goldman Sachs: Fed to raise rates once a quarter until 2019

    Federal funds to hit 3.25% to 3.5% by end of next year
    The Federal Reserve elected to increase interest rates during its March meeting for the first time in 2018, but it’s far from done raising rates for the year, or so says a note Goldman Sachs sent to clients. In fact, the Fed could raise rates as quickly as once per quarter.
    Read More
  • UWM: Brokers hurt least by rising interest rates

    Here’s why
    As interest rates continue to rise, refinances are decreasing, merger and acquisition activity is picking up, and many mortgage lenders are struggling with a decrease in lending activity. However, United Wholesale Mortgage explained that mortgage brokers will be the least affected by these increasing interest rates.
    Read More
  • What would happen to mortgage lending if interest rates doubled?

    It happened once before in the 80s, remember?
    [Op-ed] At its most extreme point in 1980, mortgage rates experienced a 50% year-over-year increase. What would happen to home sales if the same, albeit unlikely, scenario were to occur again? First American Chief Economist Mark Fleming answers that question for our readers.
    Read More
  • Explaining the disconnect between the rate borrowers want, and can get

    You may need to break the rates process down for them
    Most quoted industry rates are for a hypothetical borrower with prime credit who makes a 20% down payment. Yet, most borrowers do not fit this profile and often experience disappointment when the rate on their loan turns out to be meaningfully higher than what they believed prevailing rates to be. Many loan officers have likely experienced having to explain this discrepancy to borrowers with varying degrees of success.
    Read More