The past week was the best example of an axiom we have always followed — you can’t predict the future. It looked like the Federal Reserve Board was locked into a rate cut before they met. As we said, the
SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, debuted its integrated auto-fulfillment service for mortgage disclosures at Source
Commercial and multifamily mortgage delinquencies remained low in the second quarter of 2019, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report.
“The strong economy, low interest rates, and liquid finance markets are all contributing to delinquency rates that
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.73 percent. This week’s 30-year fixed mortgage rate
Zillow today
Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), regarding enhancements to the CFPB Consumer Complaint Database announced today:
“MBA appreciates the Bureau’s willingness to make changes to the Consumer Complaint Database so it will be
LOS ANGELES – Today Secretary Ben Carson wrote to state and local leaders in California asking them to re-evaluate the policies that are fueling the homeless crisis in many major cities across the state.
Secretary Carson’s letter is in response to
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for August 2019.
![[New Residential Contruction]](https://www.hud.gov/sites/dfiles/PA/images/hud_no_19_140.jpg "[New Residential Contruction]")
Building Permits
Privately owned housing units authorized by
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2019 shows mortgage applications for new home purchases increased 33 percent compared to a year ago. Compared to July 2019, applications decreased by 0.2 percent. This change does
MARKET COMMENT
Mortgage bond prices finished the week sharply lower which put upward pressure on rates. There was little data the beginning of the week and negative trading emerged from reports that some US/China trade tariffs would be temporarily delayed. The
