Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Mortgage Rates Remain Stable Despite Higher Stock Prices

Feb 16, 2018 - US mortgage rates remained relatively stable on Thursday. Some credit providers even issued slightly lower rate sheets during the afternoon after bond prices managed to gain slightly. This took place against a background of stock markets experiencing their fifth consecutive winning day. Much...

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Sharp Increase in Mortgage Applications to Buy New Homes

Feb 15, 2018 - According to the Mortgage Bankers Association (MBA)’s latest Builder Application Survey, applications for mortgages to purchase new residential properties increased by 34% in January 2018 compared to December 2017. On an annual basis, the increase since January last year was 18.4%. Both figures...

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Mortgage Rates Still Hovering Around Four-Year Highs

Feb 13, 2018 - Generally speaking, yesterday’s US mortgage rates remained very close to the levels they reached on Friday. That might sound like good news, but it’s not; they ended last week at some of their highest levels in well over four years. Rates are mainly determined by bond prices and the yields that...

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Mortgage Rates Now At 13-Month High

Feb 9, 2018 - Freddie Mac announced yesterday that 30-year US mortgage rates surged to their highest levels in well over 13 months this week. The jump is being ascribed to an increase in bond returns following worries that rising inflation might cause the Fed to push up interest rates. The average rate on the...

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Consumer Sentiment About Housing Market Still Improving

Feb 8, 2018 - Fannie Mae’s Home Purchase Sentiment Index (HPSI) reached a record high of 89.5 last month after five of the six sub-indexes increased. This was 3.7 points higher than December’s figure and 6.8 points higher than a year ago. The only question for which positive responses did not improve was...

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