Mortgage Insights

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


Existing Home Sales Increase to 5.47 Million in September

Oct 21, 2016 -  The National Association of Realtors (NAR) reports that existing home sales recovered significantly in September to reach an annual level of 5.47 million after making the necessary seasonal adjustments. This was 3.2% higher than the final figure of 5.30 million for August, and it was also...

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Mortgage Rates Stable Ahead of ECB Announcement

Oct 20, 2016 - US mortgage rates were flat to marginally lower on Wednesday, which means they are still very close to their highest levels in four months. The most commonly quoted rate on a 30-year fixed-rate mortgage remains 3.625%, but a handful of more aggressive credit providers are still offering a rate of...

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Homebuilder Optimism Lower in October After September Surge

Oct 19, 2016 - Homebuilders in the United States remain confident despite a marginal drop in optimism over the future of the housing market. This is according to the Housing Market Index published by the National Association of Home Builders.   Homebuilder confidence dropped from 65 in September to 63 in...

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Mortgage Rates Remain High Despite Bond Price Improvements

Oct 18, 2016 - US mortgage rates hovered near their highest levels in four months on Monday despite the fact that yields in underlying bond markets dropped moderately.   For the majority of lenders, the problem was the fact that bond yields surged sharply after lunch on Friday. At that point, it was too...

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Mortgage Rates Remain Relatively High

Oct 14, 2016 - US mortgage rates managed to improve marginally on Thursday, with a few lenders issuing slightly lower rate sheets. Even though this is welcome news after ten days in a row of rate increases, it is not a game-changer. In fact, the majority of lenders will be quoting precisely the same rate as on...

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