Mortgage rates ended the week just above 6%, the lowest point since September 2022, although one other indicator had the 30-year fixed under that level for a couple of days. Processing Content The 30-year fixed rate mortgage fell 8 basis points this week to 6.01% as of Feb. 19, the Freddie Mac Primary Mortgage Market […]
Mortgage rates settle above 6%, lowest in over three years Read More »
Consumers are reengaging with the mortgage market, signaling a return to normality in 2026, TransUnion said. Processing Content Mortgage originations rose 6.5% year over year to 1.3 million in the third quarter of last year, but at the same time, the percentage of borrowers 60 or more days delinquent increased to 1.51% in the fourth
TransUnion sees mortgage market normalizing Read More »
Key Insight: Federal Reserve Gov. Michael Barr said the economy is currently ‘closest’ to a scenario in which AI gradually raises worker productivity without resulting in sweeping layoffs. Supporting data: Only 17% of firms currently use AI, according to a study cited by Barr. Forward look: Barr says policymakers must prepare for the worst, which
Fed’s Barr outlines AI risks to finance, labor market Read More »
Key insight: The better-than-expected jobs report saw 130,000 jobs added in January, while unemployment dropped to 4.3%. What’s at stake: The Federal Reserve is watching the numbers closely as Chairman Jerome Powell considers the central bank’s dual inflation and employment mandate. Forward look: The strong job numbers reduce the need for the Fed to slash
US adds 130,000 jobs in January; unemployment rate falls Read More »
Mortgage delinquency rates were up in the fourth quarter, with sharper increases in areas with rising unemployment rates and falling home prices, a new industry report shows. Processing Content While credit card and loan delinquency rates have mellowed, albeit at elevated rates, mortgage delinquency rates continued to steadily grow in the fourth quarter, although still
A K-shaped split is emerging in mortgage delinquencies Read More »
Mortgage rates rose for the second consecutive week, with the 30-year fixed up one basis point on average, as yesterday’s Federal Open Market Committee decision was expected by the majority of the marketplace. Processing Content The move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. Mortgage pricing
Mortgage rates rise as FOMC inaction adds to uncertainty Read More »
Key insight: BOK’s new mortgage-finance unit is gaining traction, and its portfolio could reach $1 billion in commitments by year-end. Expert quote: “I think the setup for 2026 is probably as good as I can remember, both from a company-performance perspective and from an economic-backdrop perspective.” — BOK Financial President and CEO Stacy Kymes Supporting
BOK counting on mortgage finance for a boost in 2026 Read More »
Mortgage rates moved slightly higher this week, as the 10-year Treasury yield remains elevated, in large part due to investor concerns over Pres. Trump’s Greenland pronouncements, and how those ended up blunting the housing message expected in Davos. Processing Content The good news is rates are still well below the 2025 peaks the market experienced
Mortgage rates rise as investors react to Greenland comments Read More »
Mortgage rates fell to their lowest levels in more than three years after Pres. Trump ordered a $200 billion purchase of agency mortgage-backed securities, Freddie Mac said. Processing Content Spreads were already tightening as Freddie Mac and Fannie Mae have increased the size of their respective retained portfolios in recent months. The announcement further narrowed
Mortgage rates reach three-year low after MBS buy order Read More »
(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his
Trump says furor over Powell probe won’t delay Fed pick Read More »