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Fed Raises Rates Again – How Will It Impact Mortgage Pricing

June 13,2018 – Washington DC, –  Today, the Federal Reserve hiked its benchmark interest rate by a quarter of a percentage point. This is the second time they raised key rates this year. The Fed chief pointed to 3.8% unemployment rate and rising inflation as the driving force in today’s rate hike. The Federal Reserve… Read More »

Why Freddie Mac and Fannie Mae Are More Likely to Be Reformed in 2019

May 1, 2018 – Washington DC, –  This week Treasury Secretary Mnuchin confirmed what most in the mortgage industry already knew: Fannie Mae and Freddie Mac will not be reformed this year. However, the secretary stated that he is bullish that reform of Fannie and Freddie could happen in 2019. He said in an interview to… Read More »

Senate Gearing Up to Undo Controversial Mortgage Reporting Laws

Washington, D.C. March 12, 2018 –   This week, the U.S. Senate is scheduled to vote on a bill that would unwind finance rules passed in 2008. This Dodd-Frank bill created requirements for banks and credit unions to report more data to prevent discriminatory abuses. According to a Consumer Financial Protection Bureau 2013 data, the new… Read More »

Home Refinancing Applications Surge as Mortgage Rates Fall Wednesday

Washington DC, Wednesday, December 6, 2017 – Mortgage interest rates have now fallen lower than they were reported a year ago at this time and this has led to a slight increase in loan applications from the previous week. According to the Mortgage Banker Association’s weekly report, the total applications for home mortgages increased 4.7% last… Read More »

Mortgage Rates Inch Up This Week

Washington, D.C. November 16, 2017 –  Mortgage rates rose this week, according to the  Weekly Freddie Mac Survey of interest rates conducted nationally. The 10-year Treasury yield inched up 6 basis points, while the 30-year interest rates on home mortgages bumped up 5 basis points to 3.95%. The 15-year fixed loan rose to 3.31%, up from 3.24%… Read More »

FHA Mortgage Insurance Premium Cut in Question as Capital Reserves Fall

November 15,2017, Washington DC –  Today, the Federal Housing Administration (FHA) released its 2017 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA published the 2017 Annual Report that posts the facts and statistics of the MMI Fund. FHA reports that at the end FY 2017, the… Read More »