For the first time in five weeks, loans in forbearance increased, albeit ever so slightly, the Mortgage Bankers Association reported yesterday.
Add the CoreLogic Home Price Index to the growing Double-Digit Price Growth Club. The company’s monthly index showed nationally, home prices increased by 10 percent annually in January.
The Mortgage Bankers Association’s Capital Council hosted a panel on Thursday. Amidst an active policy landscape, commercial real estate advocates representing broad member constituencies discussed priorities for the new Congress and the Biden Administration.
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.