Gallup Poll Shows High Hopes For Homeownership May 8 2017, 11:42AM While the historically low homeownership rate as reported by the Census Bureau has improved only marginally over the last year, a recent survey by Gallup indicates that it may be on the edge of change. Forty-nine percent of non-homeowners contacted by the polling company…
by: Matthew Graham Mortgage Rates Fighting to Stay Near 2017 Lows Mortgage rates moved lower today, following a policy announcement from the European Central Bank (ECB). Some investors were concerned the ECB might begin sprinkling in clues about rate hikes or an early end to bond buying programs, but there was no such drama in the announcement…
◊ April 25, 2017 I was listening to the radio recently and there was an infomercial from a national direct lender talking about mortgages. They were talking about a scam where brokers allegedly make tons of money from giving loan pre-approvals to people who do not qualify for a loan. The effect of giving a pre-approval letter…
April 24, 2017 Mortgage rates moved moderately higher today, and most of the blame goes to the presidential election in France. If you’re wondering what European politics have to do with mortgage rates in the US, you’re not alone. While it certainly isn’t the first thing that comes to mind when thinking about what’s motivating rates, its…
February 10, 2017 Mortgage rates continued higher today, bringing them back in line with Monday’s levels. Part of the rise was due to weaker trading levels in bond markets. Just as important is the fact that many lenders didn’t raise rates yesterday afternoon as the bond weakness began (weaker bond markets imply higher rates). In other words,…
Matthew Graham Chief Operating Officer, Mortgage News Daily / MBS Live Feb 7 2017, 8:50AM Bonds Are Officially in a Positive Short-Term Trend. This was also the case heading into mid January, but steady selling following Yellen’s speech (Jan 18) shattered the dream of a deeper recovery from post-election highs. As of Jan 25th, we…
