The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. The fall was the smallest that can be measured. But was welcome nonetheless. First thing this morning, key markets […]
Posted To: MBS Commentary
The nature of the pandemic has made for some very mechanical and orderly market movement. The best example of this in the bond market is the "trend channel" (parallel lines marking the highs and lows, yellow lines in today's chart) we've been following in 10yr yields since the beginning of November. Smaller scale examples include several consolidation patterns (converging lines marking highs and lows, teal lines in today's chart), just like the one that's been taking shape over the past 2 weeks. This one's a bit different than the last two. On a negative note, this consolidation pattern is occurring at much higher yields, but on a plus note , it's also resting near the top of the aforementioned trend channel. The implication is that IF we can manage to get…(read more)
Home buying hurdles exist – but research, creativity and flexibility will help you clear them.
Today’s Best Mortgage and Refinance Rates: January 23 & 24 Money
The uptick follows the pandemic-era trend of midmonth increases in active plans, according to Black Knight.
Letters titled “Report of available funds” or “You qualify for an MIP reduction” are ads trying to get you to refinance. Here’s what you should know.
Posted To: MBS Commentary
Calm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be quite as underwhelming as today turned out to be. Bonds remained locked perfectly inside prevailing trends. That's a good thing in this case as it meant moderate gains for both MBS and Treasuries. Volatility risks increase next week with a bigger slate of economic data, but we'll wait to get too excited about that until it actually proves capable of moving the needle. Today's video discusses what might be required for 10yr yields to break below 1.0%. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Existing Home Sales 6.76m vs 6.55m f'cast, 6.71m prev Markit Composite PMI 58.0 vs 55.3 prev Market Movement Recap 08:35 AM Markets trading ' risk-off…(read more)
Although owning is nearly twice as affordable as renting, monthly payments alone don’t tell the full story.
Todayâs Mortgage Interest Rates: Jan. 21, 2021âRates Dip, But Will Bidenâs Stimulus Plan Send Them Soaring? Forbes