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Closing Day: Transfer of Ownership and Mortgage Activation
Closing day is one of the most critical days in the home-buying process. It is the day when the ownership of the property is officially transferred from the seller to the buyer, and the mortgage is recorded with the local government. The buyer...
Mortgage Rates at 11-Month High, Could Rise More
Mortgage rates moved to an 11-month high this past week thanks to expectations about Federal Reserve rate hikes. Some signs point to another increase in mortgage rates over the next week. Thirty-year fixed interest rates on single-family loans...
7-Year High for Mortgage Rates
Interest rates on home loans continued to ascend on both a weekly and monthly basis, climbing to a seven-year high. Two out of three indices used for adjustable-rate mortgages didn't change. On conforming residential loans that were used to finance...
Weekly Mortgage Rates Surge But Might Dip
Although monthly rates on single-family loans were stable, weekly rates turned sharply higher. But next week's rates might be a little lower. Fixed interest rates on 30-year conforming residential loans that are utilized to finance a home purchase...
Mortgage Rates Increase, Further Escalation Ahead
On a month-over-month basis, mortgage rates were slightly worse. But the deterioration deepened on a week-over-week basis. Further increases are likely. Ellie Mae Inc. reported in its Origination Insight Report | August 2018 that 30-year note rates...
Mortgage Rates Higher Again, To Continue Rising
The latest reading on mortgage rates is that they continued deteriorating on both a weekly and monthly basis. Short- and long-term forecasts have further escalation ahead for fixed rates. On all residential loans that closed during December,...
Solid Jobs Report Pushes Up Mortgage Rates
Mortgage rates deteriorated this past week, and last week's solid jobs report ensures that further increases are ahead. Adjustable-rate mortgage indices saw disparate movement. A 6-basis-point ascension from one week previous left 30-year fixed...
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Mortgage Rates at 11-Month High, Could Rise More
Mortgage rates moved to an 11-month high this past week thanks to expectations about Federal Reserve rate hikes. Some signs point to another increase in mortgage rates over the next week. Thirty-year fixed interest rates on single-family loans...
7-Year High for Mortgage Rates
Interest rates on home loans continued to ascend on both a weekly and monthly basis, climbing to a seven-year high. Two out of three indices used for adjustable-rate mortgages didn't change. On conforming residential loans that were used to finance...
Weekly Mortgage Rates Surge But Might Dip
Although monthly rates on single-family loans were stable, weekly rates turned sharply higher. But next week's rates might be a little lower. Fixed interest rates on 30-year conforming residential loans that are utilized to finance a home purchase...
Mortgage Rates Increase, Further Escalation Ahead
On a month-over-month basis, mortgage rates were slightly worse. But the deterioration deepened on a week-over-week basis. Further increases are likely. Ellie Mae Inc. reported in its Origination Insight Report | August 2018 that 30-year note rates...
Mortgage Rates Higher Again, To Continue Rising
The latest reading on mortgage rates is that they continued deteriorating on both a weekly and monthly basis. Short- and long-term forecasts have further escalation ahead for fixed rates. On all residential loans that closed during December,...
Solid Jobs Report Pushes Up Mortgage Rates
Mortgage rates deteriorated this past week, and last week's solid jobs report ensures that further increases are ahead. Adjustable-rate mortgage indices saw disparate movement. A 6-basis-point ascension from one week previous left 30-year fixed...
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