At the Mortgage Bankers Association annual convention this year, Marina Walsh, its vice president of industry analysis, said that more downsizing needed to occur in order to reach the target reduction of capacity of 30% the MBA advised last year.? ...
Fannie Mae is holding to its forecast of a modest economic downturn in 2024, in spite of statements by the Federal Reserve that a soft lending is achievable, and inflation is on its way down to the 2% target. Many ...
Mortgage rates moved down again, further backing away from the 8% mark it previously threatened, as the benchmark 10-year Treasury has dropped over 50 basis points in the past month. The Freddie Mac Primary Mortgage Market Survey, released a day ...
The housing market logjam appears to be breaking as falling mortgage rates during November encouraged more existing homeowners to list their property for sale, to the largest level in over a year, Redfin found. Pending home sales also rose to ...
Another favorable Consumer Price Index report helped to drive mortgage rates down this week, with general expectations growing that the Federal Reserve will not raise rates in December. The Freddie Mac Primary Mortgage Market Survey for Nov. 16 put the ...
Mortgage charges dropped 6 foundation factors from final week even because the benchmark 10-year Treasury yield hit its highest level in over a month, Freddie Mac reported. The ten-year Treasury has been on the rise since final week’s inflation report. ...
For the second consecutive week, mortgage charges moved up, this time by 4 foundation factors, because the awaited shopper worth index report discovered inflation working barely hotter than some anticipated, Freddie Mac discovered. The federal government-sponsored enterprise’s Major Mortgage Market ...