Mortgage Rates Continue Lower Following Fed Hike

Thursday, December 17th, 2015

By Matthew Graham Mortgage rates continued modestly lower today as financial markets continue sorting out their reaction to yesterday’s Fed rate hike. As a reminder, the Fed Funds Target Rate (the thing …read more

Source: Rate Watch

    

Fannie Mae Survey Points to Credit Easing

Thursday, December 17th, 2015

By Jann Swanson Fannie Mae said Thursday there are indications
that easing lending standards may help mitigate some of the loss of housing
affordability moving into the New Year.
The company questioned a sample of …read more

Source: Market Updates

    

FHFA Proposes Rule to Increase Lending to Underserved Markets

Thursday, December 17th, 2015

By Jann Swanson The Federal Housing Finance Agency
(FHFA) has posted a proposed new rule for comment that seeks to provide greater
access to affordable housing for three underserved markets. The rule would require …read more

Source: Market Updates

    

Fed Rate Goes Up. Mortgage Rates Go Down

Wednesday, December 16th, 2015

By Matthew Graham Mortgage rates moved just slightly lower today, despite the long-awaited Fed rate hike. Once again, that’s LOWER mortgage rates and a HIGHER Fed rate. Here’s how that works: …read more

Source: Rate Watch

    

How Old Deal With GSEs Could Affect Fed Rate Hike Efforts

Wednesday, December 16th, 2015

By Jann Swanson In order to end what it considered excessive borrowing by
Fannie Mae and Freddie Mac (the GSEs) and the Federal Home Loan Banks the
Federal Reserve, in 2006, cut off their access …read more

Source: Market Updates

    

Multifamily Leads Construction Numbers Higher

Wednesday, December 16th, 2015

By Jann Swanson Residential construction activity surged in November with
both residential construction permits and housing starts, permits especially,
beating analysts’ expectations. Whether
or not it was the unseasonably warm weather, it was especially good …read more

Source: Market Updates

    

Refinancing still Dominates Application Volume

Wednesday, December 16th, 2015

By Jann Swanson Refinancing remained strong relative to purchase mortgage activity during
the week ended December 11 while application activity overall slipped. The Mortgage Bankers Association (MBA) said
its Market Composite Index, a measure …read more

Source: Market Updates

    

A Real Conversation About The Fed and Mortgage Rates

Tuesday, December 15th, 2015

By Matthew Graham Mortgage rates jumped again today, moving to the highest levels more than a month ahead of tomorrow’s hotly anticipated Fed Announcement. Many lenders are now back up to quoting …read more

Source: Rate Watch

    

Labor and Land Costs Cited for Dip in Builder Confidence

Tuesday, December 15th, 2015

By Jann Swanson The National Association of Home Builders (NAHB) said on
Tuesday that its NAHB/Wells Fargo Housing Market Index (HMI) dropped one point
in December adding to its three point loss in November. …read more

Source: Market Updates

    

256,000 Homes Regained Equity in Q3

Tuesday, December 15th, 2015

By Jann Swanson Ninety-two percent of mortgaged homeowners now have positive
equity in their homes after more than a quarter-million emerged from being
underwater in the third quarter of 2015.
CoreLogic said, in its monthly …read more

Source: Market Updates