Washington Post, June 16, 2022–Kevin SchaulThe rapid rise in mortgage rates means home buyers will need to pay significantly more for a home loan compared to even just eight months …
Category: Top National News
Biden Says a Recession is ‘Not Inevitable’
Associated Press, June 17, 2022–Josh BoakPresident Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy …
Inflation Pushed Mortgage Rates to their Highest Point Since 2008 This Week. Why Homebuyers Shouldn’t Panic, Says One Expert
Time magazine, June 16, 2022–Jon ReedA worse-than-expected inflation report was all it took to abruptly shutter a short window in which mortgage rates were steady at slightly lower rates.https://time.com/nextadvisor/mortgages/mortgage-news/inflation-pushed-mortgage-rates-to-highest-point-since-2008/
Adjustable Rate Mortgages Can Lower Payments As Interest Rates Soar
Orange County (Calif.) Register, June 16, 2022–Jeff LazersonNo doubt homebuyers are pressing and stressing about mortgage qualifying and being able to personally afford the monthly house payments for a home …
HomeLight Buys Cash-Offer Fintech Accept. Inc
National Mortgage News, June 16, 2022–Bonnie Sinnock (subscription)HomeLight has agreed to acquire Accept.inc, a fintech lender specializing in cash-offer equivalent products.https://www.nationalmortgagenews.com/news/homelight-buys-cash-offer-fintech-accept-inc
MBA’s Fratantoni on Mortgages and Housing (Audio)
Bloomberg, June 16, 2022–Denise PelleginiMortgage Bankers Association chief economist Mike Fratantoni tells Bloomberg Radio’s Denise Pellegini demand for housing will slow, but not stop, and mortgage rates might actually fall …
Mortgage Rates Hit 14-Year High as Inflation Persists
Washington Post, June 16, 2022–Kathy OrtonLast week’s higher-than-expected inflation data caused a rapid escalation in mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate …
Housing Beat: Mortgage Rates Soar While Housing Starts Drop
Benzinga, June 16, 2022–Phil HallIt was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock. (MBA …
Depositories Lose Ground in MSRs, Nonbanks Plow On
Inside Mortgage Finance, June 16, 2022–John BancroftNonbank mortgage servicers continued to gain share in the first quarter of 2022, while the aggregate portfolio held by depository institutions fell slightly, according …
Opinion: Mortgage Industry Liquidity Risk Returns
National Mortgage News, June 15, 2022–Christopher Whalen (subscription)By any measure, the past 24 months have been a roller coaster for the residential mortgage industry.https://www.nationalmortgagenews.com/opinion/mortgage-industry-liquidity-risk-returns?