Mortgage Insights

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

 

Sharp Drop in Housing Starts Last Month

Jan 19, 2018 - A Commerce Department report that was issued on Thursday shows that US home building dropped a lot more than economists predicted last month. The decrease was the biggest one in more than a year. The culprit was mainly the single-family construction market, which showed a sharp drop after two...

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Lenders Can Safely Increase Mortgage Risk, Says Urban Institute

Jan 18, 2018 - According to the latest Housing Credit Availability Index (HCAI) published by the Urban Institute’s Housing Finance Policy Center, there was a significant increase in mortgage credit availability during the third quarter of last year. The rise from 5.1 to 5.6% was the best reading since 2013....

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US Mortgage Rates Stable to Higher on Tuesday

Jan 17, 2018 - US mortgage rates moved very little on Tuesday. Most credit providers offered marginally better rates yesterday morning, but the weakness in bond prices prompted many of them to release higher rate sheets around the middle of the day. Generally speaking, that trend might continue, and the past...

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Mortgage Applications for New Homes 18% Lower in December

Jan 16, 2018 - The latest Mortgage Bankers Association (MBA) Builder Application Survey showed an 18% drop in mortgage applications to buy new homes last month compared to November, as the ripple effects of hurricanes Irma, Harvey and Maria still took their toll on Florida, Texas and Puerto Rico. On an annual...

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Mortgage Rates Move Higher on Wednesday

Jan 11, 2018 - US mortgage rates moved significantly higher on Wednesday morning, bringing them to their highest levels in six months. This is a worrying trend for homeowners as yesterday also brought a new six-month high. Unlike on Tuesday, however, yesterday had its bad moments along with its good ones. The...

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