Pennymac locks mortgage rates up to 90 days 
Pennymac locks mortgage rates up to 90 days 
Abstract
California-based Pennymac has now launched a mortgage product capable of freezing rates for as long as 90 days.
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Like fintech startup Tomo, California-based Pennymac has now launched a mortgage product capable of freezing rates for as long as 90 days.
The post Pennymac locks mortgage rates up to 90 days  appeared first on HousingWire.
Like fintech startup Tomo, California-based Pennymac has now launched a mortgage product capable of freezing rates for as long as 90 days.
The post Pennymac locks mortgage rates up to 90 days  appeared first on HousingWire.
The May Federal Reserve meeting is expected to spark further mortgage rate growth following a big hike to the fed funds rate.
The May Federal Reserve meeting is expected to spark further mortgage rate growth following a big hike to the fed funds rate.
In February 2022, the single-family median sales price for a single-family home rose almost 88% to $14.55 million, up from $7.75 million a year ago.
In February 2022, the single-family median sales price for a single-family home rose almost 88% to $14.55 million, up from $7.75 million a year ago.
Mortgage rates edged up higher over the past week, as inflation measures commingled with recession risk. The 30-year fixed-rate mortgage averaged 5.54% for the weekly period ending July 21, according to Freddie Mac’s Primary Mortgage Market Survey, a 3-basis point increase from 5.51% seven days earlier. Last year, over the same period, the 30-year rate came in at 2.78%, which is almost half of its current mark. The rate move was more muted compared to the prior two weeks, which experience...
Mortgage rates edged up higher over the past week, as inflation measures commingled with recession risk. The 30-year fixed-rate mortgage averaged 5.54% for the weekly period ending July 21, according to Freddie Mac’s Primary Mortgage Market Survey, a 3-basis point increase from 5.51% seven days earlier. Last year, over the same period, the 30-year rate came in at 2.78%, which is almost half of its current mark. The rate move was more muted compared to the prior two weeks, which experience...
Will mortgage rates start rising again? While borrowers have enjoyed interest rate declines in recent weeks, that could reverse course after the Federal Reserve’s next Open Market Committee meeting on June 14 and 15. In May, the central bank outlined its plan to hike its target rate following each of the year’s remaining meetings in order to combat the country’s towering inflation. Any borrowers wanting to lock in a rate for a home purchase or a refinance should do it as quickly as possib...
Will mortgage rates start rising again? While borrowers have enjoyed interest rate declines in recent weeks, that could reverse course after the Federal Reserve’s next Open Market Committee meeting on June 14 and 15. In May, the central bank outlined its plan to hike its target rate following each of the year’s remaining meetings in order to combat the country’s towering inflation. Any borrowers wanting to lock in a rate for a home purchase or a refinance should do it as quickly as possib...
How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key.
The post What 5% mortgage rates mean for the housing market appeared first on HousingWire.
How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key.
The post What 5% mortgage rates mean for the housing market appeared first on HousingWire.
Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.
Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.
A rate hike is “appropriate” The Federal Reserve is poised to raise rates at its March 15-16 meeting — the first of seven possible rate hikes expected this year. The […]
The post Blog first appeared on MilitaryVALoan.com.
A rate hike is “appropriate” The Federal Reserve is poised to raise rates at its March 15-16 meeting — the first of seven possible rate hikes expected this year. The […]
The post Blog first appeared on MilitaryVALoan.com.
A rate hike is “appropriate” The Federal Reserve is poised to raise rates at its March 15-16 meeting — the first of seven possible rate hikes expected this year. The […]
The post Blog first appeared on MilitaryVALoan.com.
A rate hike is “appropriate” The Federal Reserve is poised to raise rates at its March 15-16 meeting — the first of seven possible rate hikes expected this year. The […]
The post Blog first appeared on MilitaryVALoan.com.