Mortgage Insights

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


Mortgage Rates Reach Highest Levels in More Than Three Years

Jan 30, 2018 - Right now, mortgage rates are going through a very difficult time. Market observers will already be aware that in the past few weeks, these rates have made a number of consecutive runs to reach their highest levels in well over nine months. In fact, if last spring was taken out of the equation,...

Full Story

Mortgage Rates Climbing While Existing Home Sales Remain Strong

Jan 26, 2018 - The latest weekly Primary Mortgage Market Survey released by Freddie Mac showed a notable increase in mortgage rates during the week ending Thursday. The average rate on a 30-year fixed rate home loan went up from 4.04% the week before to 4.15% this week. At this time last year, the same rate...

Full Story

Purchase Mortgage Applications Highest in Eight Years

Jan 25, 2018 - After making the necessary seasonal adjustments, the Mortgage Bankers Association’s latest Market Composite Index measuring mortgage application volumes increased by 4.5% during the week ending January 19. This increase came shortly after increases of 8.3% and 4.1% during the first two weeks of...

Full Story

Foreclosures Still Dropping and Taking Longer to be Finalized

Jan 24, 2018 - The total number of residential properties in the United States that ended up in foreclosure dropped throughout last year. The final figure for 2017 was 27% lower than it was in 2016 and 76% lower than the peak reached in 2010. On the other hand, the average time it took to finalize a...

Full Story

Mortgage Rates Again Reach Highest Level in Nine Months

Jan 23, 2018 - On Monday, US mortgage rates did what they have been doing quite often during the past couple of weeks: they reached a new nine-month high. Even more concerning is the fact that yields on 10-year Treasury Notes, which have a very definite effect on mortgage rates, are now approaching their...

Full Story