Washington Post, Aug. 11, 2022–Kathy OrtonAfter a brief dip below 5 percent for the first time in four months, the 30-year fixed rate shot above that level this week. According …
Category: Top National News
Private Mortgage Insurance Share Rises Above 50% Mark in 2Q
Inside Mortgage Finance, Aug. 11, 2022–John BancroftPrivate guarantors accounted for over half of the home loans originated in the second quarter with primary mortgage insurance, according to a new Inside …
Housing Beat: Mortgage Rate Above 5% Again, Home Prices Keep Rising
ValueWalk, Aug. 11, 2022–Phil HallMortgage rates swung back above the 5% mark while two different data reports pointed to record peaks in the nationwide median home sales price. (MBA mention)https://www.valuewalk.com/housing-beat-for-aug-11-mortgage-rates-above-5-again-home-prices-keep-rising/
PIMCO’s Ivascyn Sees Significant Slowdown in U.S. Housing Market
Bloomberg, Aug. 11. 2022– Tracy Alloway and Joe Weisenthal (subscription)A major buyer of mortgage-backed bonds sees tougher times ahead.https://www.bloomberg.com/news/articles/2022-08-11/pimco-s-ivascyn-sees-significant-slowdown-in-us-housing-market?#xj4y7vzkg
Drop in Rates Brings Slight Rise in App Volume
The MReport, Aug. 11, 2022–Eric C. PeckAmid news of a decline in mortgage rates, overall mortgage applications increased 0.2% week-over-week, according to the latest Weekly Mortgage Applications Survey from the …
Homes Are Staying on the Market Longer: ‘We Finally Hit the Turning Point.’
Barrons, Aug. 11, 2022–Shaina Mishkin (subscription)For the first time since the early days of the pandemic, homes for sale in the U.S. spent more time on the market than the …
Home Inventory Soars at Record Rate With US Buyers Pulling Back
Bloomberg, Aug. 10, 2022–Natalie Wong, Prashant GopalThe supply of homes for sale across the US grew at a record rate last month, another sign that higher mortgage costs are cooling …
Equifax Should Face Curbs on Selling Credit Scores, Maxine Waters Says
Wall Street Journal, Aug. 10, 2022–AnnaMaria Andriotis (subscription)Maxine Waters, chairwoman of the House Financial Services Committee, asked the Consumer Financial Protection Bureau to stop Equifax from selling credit scores to …
Angel Oak Mortgage Reports Second Straight Quarterly Loss
National Mortgage Professional, Aug. 10, 2022–Steve GoodeThe real estate finance company, which focuses on Non-QM loans, reported a net loss of $52.1 million, or $2.13 per diluted share, for the …
Wild Swings in Mortgage Rates Caused a Rare Surge in Refinancing
CNBC, Aug. 10, 2022–Diana OlickAfter dropping at the end of July, mortgage rates moved higher on average again last week, but the daily moves were volatile. Mortgage demand was split, …