Bloomberg, Feb. 26, 2021–Patrick ClarkSurging demand for houses to buy has made inventory scarce and pushed prices higher, making it harder for Americans to find affordable properties. That’s fueling demand …
Category: Top National News
Women Pay Higher Mortgage Rates in 49 States
HousingWire, Feb. 26, 2021–James KleimannDespite the fact that single women are statistically less likely to default on their mortgages than single men.https://www.housingwire.com/articles/women-pay-higher-mortgage-rates-in-49-states/
Millennials Still Struggle To Obtain Down Payments
National Mortgage Professional, Feb. 26, 2021–Navi PersaudA 2021 Millennial Homebuyer Report from Clever revealed that millennials are still struggling to afford the traditional 20% down payment, despite having more money …
Mortgage Companies Want In on the IPO Boom. Investors Aren’t Convinced
Wall Street Journal, Feb. 26, 2021–Orla McCaffrey (subscription)The mortgage market just had a record year. The mortgage IPO boom, though, is petering out.https://www.wsj.com/articles/mortgage-companies-want-in-on-the-ipo-boom-investors-arent-convinced-11614335403
Home Sales Will Keep Growing, Even If Rates Rise. Here’s Why
Forbes, Feb. 26, 2021–Palash GhoshJoel Kan of Mortgage Bankers Association says rising mortgage rates – in tandem with climbing Treasury yields – indicates the market and public are increasingly optimistic …
Waterfront? How About Just Water?
UEXpress, Feb. 26, 2021–Lew SichelmanFloating homes were popular back in the 1960s, but then floated away, so to speak. They’re back now, though — bigger and better than ever.https://www.uexpress.com/housing-scene/2021/2/26/waterfront-how-about-just-water
Rocket Mortgage Made $9.5B in Profits in 2020
HousingWire, Feb. 25, 2021–James KleimannRocket Companies, the parent company of Rocket Mortgage, cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total …
30-Year Fixed-Rate Nears 3% for First Time in 6 Months
Orange County Register, Feb. 25, 2021–Jeff LazersonBest to describe this turn of events as mortgage rate whiplash.https://www.whittierdailynews.com/2021/02/25/30-year-fixed-rate-nears-3-for-first-time-in-6-months/
NY Fed’s Williams: GDP Growth this Year Could be Strongest in Decades
Reuters, Feb. 25, 2021–Johnnelle MarteA combination of strong fiscal support and continued vaccine distributions could help lift the U.S. economy as it recovers from the coronavirus pandemic and lead to …
American Homeowners are Adding Fuel to Bond Market Sell-Off
Bloomberg, Feb. 25, 2021–Christopher Maloney, Liz McCormickThere comes a point in any big selloff in Treasury bonds when the move becomes so pronounced that it starts to feed on itself. …