Average rates fell as low as 4.7 percent in the 1940s, as the government held down interest rates to finance World War II, and stayed just below 5 percent until the early 1950s. Rates went above 5 percent in 1952 and stayed there — until this year. The super-low rates are not likel...
Homebuyers can still snag the absolute lowest rates, especially if they don't plan on staying in their first home for more seven years.
The average contract rate on the 30-year fixed rate rose to 4.46 percent from 4.17 percent, the Mortgage Bankers Association said Wednesday. At the beginning of May, rates were as low as 3.5 percent. Concern that theFederal Reservewill begin to pull back on itspurchases of mortgage-backed bo...
NEW YORK (MainStreet)— The Federal Reserve’s decision not to raise interest rates today gives consumers a “window” of opportunity to refinance their mortgages at low fixed rates and take advantage of the 0% interest rates offered by credit card companies, said Greg Mc...
So today, I celebrate Paul Volcker and floating interest rates. The Financial Times’ Robin Wigglesworth has a story titled “The alpha of ugliness,” with the subheading “But beauty gets the flows.” A paper by Chengyu Bai and Shiwen Tian of Shanghai Jiao Tong University showed that “...
PASADENA, Calif.,Aug. 5, 2020/PRNewswire/ --Western Asset Mortgage Capital Corporation(the "Company" or "WMC") (NYSE: WMC) today reported its results for the second quarter endedJune 30, 2020. CORPORATE UPDATE The Company significantly improved its balance sheet in the second qu...
RIVERSIDE, Calif., May 17, 2017 (SEND2PRESS NEWSWIRE) -- Pacific Sunbelt Mortgage, a division of Finance of America Mortgage, announced today the findings from its Q4 2016 customer satisfaction surveys. Pacific Sunbelt Mortgage is a long-time lender with
Average rates on jumbo loans have been so low for the past several years partly because lenders view jumbos as lower risk. But that is another thing turned upside down by the Covid-19 crisis. As of June 16, 11.8% of jumbo loans were in forbearance, compared with 8.7% of all mortgages...
"People today are less concerned with pricing," said Joe Parsons, a loan officer at PFS Funding in Dublin, Calif. "They're more concerned about, 'Can you get my deal done?' There are so many more moving parts." Joseph Wilbur, for instance, signed a contract to buy a co-op apartment...
"People today are less concerned with pricing," said Joe Parsons, a loan officer at PFS Funding in Dublin, Calif. "They're more concerned about, 'Can you get my deal done?' There are so many more moving parts." Joseph Wilbur, for instance, signed a contract to buy a co-op apartment...