Mortgage Insights

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


Mortgage Rates Now Approaching Four-Year High

Feb 23, 2018 - US mortgage rates are now close to their highest levels in four years. This comes after investors started shunning bonds in light of more inflation fears and tighter central bank policies, driving bond yields higher. According to Freddie Mac’s regular weekly survey released yesterday, the...

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Insufficient Inventory Causes Drop in Existing Home Sales

Feb 22, 2018 -  According to the National Association of Realtors (NAR), existing home sales – which includes sales of condos, single-family homes and co-ops – dropped by 3.2% to 5.38 million last month compared to the 5.56 million recorded in December 2017. This figure was also 4.8% lower than that of...

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Mortgage Rates Continue Uptrend After Recent Gains

Feb 21, 2018 - After ending Friday at relatively low levels, mortgage rates returned to their previous uptrend on Tuesday. So far this year, we haven’t seen many rate improvements. In fact, we have not seen more than two days in a row pass without a rate increase. Therefore, yesterday’s movement merely kept...

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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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