Mortgage Insights

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

 

Housing Demand Unusually Low in February

Mar 28, 2018 - A report issued by Redfin yesterday shows that housing demand throughout all the biggest metropolitan areas in the United States dropped to its lowest level in 12 months in February. This was mainly the result of ongoing supply shortages, which discourages prospective buyers from actively...

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Mortgage Rates Kick Off Shorter Week Slightly Higher

Mar 27, 2018 - US mortgage rates remained reasonably flat on Monday, although some lenders did issue slightly higher rate sheets. This kept rates inside the extremely tight range in which they have been moving throughout the month of March. Last Tuesday, rates seemed like they could be heading for the lower...

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Mortgage Rates Return to Lowest Levels This Week

Mar 23, 2018 - US mortgage rates continued their downtrend yesterday, mainly as a result of market concerns about the new tariffs the Trump administration imposed on China. The international reaction to Wednesday’s interest rate increase by the Federal Reserve also played a role. Thanks to Jerome Powell’s...

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Even Higher Mortgage Rates Expected After Fed Meeting

Mar 22, 2018 - As widely expected, the Federal Reserve announced yesterday that it had decided to increase the Fed Funds rate by 0.25 points from 1.5% to 1.75%. During his testimony before congress ahead of the meeting, Jerome Powell had painted a positive picture of the economy in general and of inflationary...

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Fed Meeting Could Bring Large Movement in Mortgage Rates

Mar 21, 2018 - US mortgage rates increased to their highest levels in well over a week on Tuesday. That statement does not tell the whole story, however. If one looks at the actual amount of movement involved, yesterday was pretty ordinary. It only deserves the “highest during the past week” honor because of...

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