A panel of 31 leading economists assembled by The Conversation sees no cut in interest rates before the middle of this year, and only a slight cut by December, enough to trim just $55 per month off the cost of servicing a $600,000 variable-rate mortgage. The panel draws on the expertise of leading forecasters at
February 3, 2024 6:10 PM | 2 min read S&P 500 Hits All-Time High! 30,000+ investors trust our exclusive report for crypto insights, 3 new stock ideas, and in-depth analysis. Get your report now! With mortgage rates dipping below 7%, more buyers are touring homes, but that isn’t translating into more sales. Redfin’s Homebuyer Demand
Saturday, February 3rd, 2024 By William Kincaid Photo by Paige Sutter/The Daily Standard Mercer County Recorder Julia Peel pulls out a mortgage book at her office in the Mercer County Courthouse. CELINA – The Mercer County Recorder’s Office is in the final stages of a multi-year project to upload mortgages to its website. Once completed,
Today’s mortgage rates Average mortgage rates soared yesterday. Indeed, they rose so fast that they ruined what was promising to be a great week. And Thursday evening’s promise of significant falls over the last seven days turned into an appreciable rise. There’s a reasonable chance of mortgage rates falling next week. I’m basing that mostly
Our experts answer readers’ home-buying questions and write unbiased product reviews (here’s how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own. Mortgage rates are starting the month off nice and low, but borrowers shouldn’t be surprised if we see rates tick back up in
The 30-year fixed-rate mortgage falling below 6% is a “key threshold” for the housing market, one economist says. – Getty Images/iStockphoto Rates are falling , but when will the rate on the 30-year mortgage dip below 6%? Most economists expect that threshold to be crossed in 2025 — with one notable exception. Most Read from
Barratt Developments will update investors on its half-year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet. Barratt Developments will update investors on its half-year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet. Shares at the FTSE 100 developer are trading higher
Phil Rasori Mortgage lock volume increased 13.96% in December compared with November, according to Mortgage Capital Trading (MCT). It was the first time since June 2023 that MCT observed a month-over-month increase in total volume, purchase volume, rate/term refinances, and cash-out refinances. These figures come as the Federal Reserve has
The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. By removing these requirements, FHA hopes to involve more community-based entities in its Title I
Key takeaways A mortgage loan originator (MLO) is employed by a lender to help borrowers move through the mortgage application process. Mortgage loan originators do not make the decision about whether to approve your loan — they act more as an administrator, pushing paperwork through and explaining the loan’s terms. Mortgage loan originators must be