ASK MIKE MONDAYS - Michael, interest rates are incredibly low; should I lock in a long term fixed rate or an adjustable rate? What would you do?

Michael explains that todays low rate environment can benefit many apartment buyers with lower debt costs, BUT will exponentially increase the yield maintenance prepayment penalty costs for sellers. Lower rates may mean more loan assumptions in the future to avoid the yield maintenance cost.

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Logical Outcome For Bonds. Still Waiting on Data to Tell a New Story

Mortgage News Daily Mortgage News Daily | 11 months ago

Logical Outcome For Bonds. Still Waiting on Data to Tell a New Story The jobs report came in just slightly above expectations in terms of the payroll count and convincingly lower in terms of the unemployment rate. The data would have needed to be much weaker than expected to get even a small amount of attention from the Fed. Markets traded accordingly with rates making a measured move up to the highest levels of the week. Attention now turns to the Consumer Price Index (CPI) on Thursday fo...

Why Were Rates Able to Defy Stronger Data?

Mortgage News Daily Mortgage News Daily | 1 year ago

Why Were Rates Able to Defy Stronger Data? With at least one Fed speaker mentioning Retail Sales as having a bearing on the Fed's debate between a 75bp and 100bp hike at the upcoming July meeting. With a 1.0 vs 0.8 result, the market didn't really get a definitive verdict. Yes, it's stronger, but not by enough as to make the Fed's choice obvious. It was also not enough to push inflation-adjusted sales into positive territory. In short, it provided additional fuel for the notion that rec...

Atlanta loan officers face layoffs as high interest rates pummel mortgage industry

The Business Journals The Business Journal... | 11 months ago

Rising mortgage rates are culling the home lending industry, which ballooned while rates settled near historic lows over the first two years of the pandemic.

Lower-rate loans dominate PLS pipeline

HousingWire HousingWire | 1 year ago

%%excerpt%% The loan quality of mortgage pools backing private-label securitization deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. The post Lower-rate loans dominate PLS pipeline appeared first on HousingWire.

Mortgage and refinance rates today, May 6, 2022

The Mortgage Reports The Mortgage Reports | 1 year ago

Today’s mortgage and refinance rates Average mortgage rates jumped yesterday, hitting a new 13-year high. It’s looking like markets are rethinking their responses to the Federal Reserve’s announcements on Wednesday. […]

Let's Talk About Whether It's Time To Talk About Some Resilience

Mortgage News Daily Mortgage News Daily | 1 year ago

Let's Talk About Whether It's Time To Talk About Some Resilience A large, rapid rate spike is frequently one of the best early indicators for at least some small token of a corrective rally. Even in the early 2022 rate spike, there were several opportunities for passengers to disembark on the way up--5 to 7 days here and there where rates were sideways to slightly lower. In the current case, rates haven't strung together more than 3 days of improvement since July. With the past two days addi...

CRE Executives, Economists Brace for More Interest Rate Hikes

Commercial Listings Search Commercial Listings ... | 1 year ago

The Federal Reserve is set to increase interest rates today and commercial real estate veterans discuss the impact on the industry. The post CRE Executives, Economists Brace for More Interest Rate Hikes appeared first on Commercial Property Executive.