Traditionally speaking, the spreads between the 10-year and mortgage rates is 1.60%-1.80%. Right now, the difference between them is 2.60%. However, compare that to the worst levels last year, when the spread got as high as 3.10%. That’s a 0.50% difference in rates. For the rest of the year, it’s all about the labor market.
Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It’s where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior designer for $20,000 and spent another $95,000 to retrofit their house in Oakdale, California. She had the
A HOMEOWNER has sought financial guidance after their monthly mortgage ballooned to nearly half their income. In a YouTube video, a caller said she and her husband had buyer’s remorse a year after purchasing their home. A couple said they’re stressed over their monthly mortgage payment (stock image)Credit: Getty The couple said they have buyer’s
Atria Wealth Solutions Inc. acquired a new position in PennyMac Mortgage Investment Trust (NYSE:PMT – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,284 shares of the real estate investment trust’s stock, valued at approximately $204,000. Several other hedge funds and other
‘Loud budgeting’: The money-saving trend that has nothing to do with giving up your daily coffee By Jess Sharp, Money team Money saving trends are constantly popping up on social media – but one in particular has been gaining huge amounts of attention. Created accidentally by a comedian, loud budgeting is breaking down the taboo
Fisher Asset Management LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS – Free Report) by 53.5% during the fourth quarter, Holdings Channel reports. The firm owned 13,196 shares of the exchange traded fund’s stock after purchasing an additional 4,598 shares during the quarter. Fisher Asset Management LLC’s holdings in Vanguard Mortgage-Backed
Blackstone Mortgage Trust (NYSE:BXMT – Get Free Report) and Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, analyst recommendations, valuation, institutional ownership, dividends, earnings and risk. Dividends Blackstone Mortgage Trust pays
(NewsNation) — Around 1 in 37 homes are now worth much less than their remaining mortgage balance, according to new data released Thursday. Nationally, the share of “seriously underwater” mortgages — meaning homes with an outstanding loan at least 25% more than the market value — rose from 2.6% to 2.7% in the first quarter,
Real Estate By Daniel Bortz Published May 10, 2024, 8:36 p.m. ET Getting a mortgage is, by general consensus, the most treacherous part of buying a home. Even lenders agree that it’s often a struggle. “A lot can go wrong,” says Staci Titsworth, regional manager at PNC Mortgage in Pittsburgh. If you’re out to buy a home, you
(Reuters) – U.S. Treasury Secretary Janet Yellen on Friday called for Congress to give regulators more power to oversee the growing nonbank mortgage industry, which she said presented unique risks to financial stability. Yellen spoke during a meeting of the Financial Stability Oversight Council, a regulatory body she chairs and which was created after the