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Mortgage
A Temporary Buydown Could Make Sense While Mortgage Rates Continue to Fall
Oct 15, 2024Last week, I argued that mortgage rates remain in a downward trend, despite some pullback lately. The 30-year fixed had almost been sub-6% when the Fed announced its rate cut....
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Mortgage
Mortgage market poised for growth as buyer sentiment improves
Oct 14, 2024Michelle Dugan (pictured top), owner at MS Lending in Mississippi, told Mortgage Professional America that rate drops in recent weeks meant her team was taking a proactive approach to its...
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Mortgage
Wells Fargo nearing ‘trough’ in deposit costs after Fed rate cut
Oct 13, 2024UPDATE: This article includes new comments from Wells Fargo’s earnings call and analyst commentary on the bank’s results. The deposit competition that’s weighed on Wells Fargo’s profits appears to be...
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Mortgage
Halifax, Keystone become latest lenders to pull products – Mortgage Strategy
Oct 12, 2024Halifax has become the latest lender to pull products, while lowering selected deals from 14 October. Keystone Property Finance will withdraw products this evening and raise rates when they return....
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Mortgage
Is This Mortgage Rate Scare Going to Get Home Buyers Off the Fence?
Oct 11, 2024It’s not quite Halloween just yet, but home buyers may have already gotten a good scare. The 30-year fixed mortgage, for which most buyers rely upon, jumped from around 6%...
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Mortgage
Florida homeowners fear the worst as Hurricane Milton nears
Oct 10, 2024An increase in demand for disaster relief loans or refinancing could emerge as homeowners look to rebuild or relocate in the aftermath of the storm. Sherman said many homeowners are...
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Mortgage
US Basel impasse casts doubt on international capital accord
Oct 9, 2024European Union flags near the EU Commission in Brussels, Belgium. Ksenia Kuleshova/Bloomberg As U.S. regulators grapple over a joint capital reform proposal, the future of international collaboration on bank supervision...
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