With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher. Source:…
Posts published in “Mike Fratantoni”
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by…
Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans…
Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out…
Tapering could happen sooner rather than later, with most policymakers open to short-term rate hikes in 2023. Source: Inman News
About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. Source: Inman…
Many homeowners who were granted forbearance during the pandemic are scheduled to hit 18-month program eligibility limit at the end of September. Source: Inman News
The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too…
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4 percent to a new record…
At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in…