Items Tagged with 'Rising mortgage rates'

ARTICLES

  • Canary in the coal mine? Impac mortgage originations plummet in second quarter

    Originations fall 42% from last year thanks to rising rates
    Mortgage interest rates may have fallen ever so slightly in the last week, but on the whole, they’re on the way up and have been for quite some time. And the rising interest rate environment is hitting one lender quite hard. Impac Mortgage, which also operates CashCall Mortgage, revealed late Wednesday that its mortgage originations plummeted in the second quarter.
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  • Ten-X: Housing slump may be temporary

    Demand remains strong
    Ten-X released its latest Ten-X Residential Real Estate Nowcast revealing a monthly decrease in December existing home sales. However, the jury is still out on whether the current slowdown is a seasonal blip or a more permanent trend.
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  • Federal Reserve credibility tested

    Financial markets try to read between Bernanke's lines
    "The concern is that the decision to wait sends a message that the economy is worse than it appears or that the costs of QE are not high on its radar," Moody’s Analytics senior economist Ryan Sweet said.
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