Residential Real Estate
MBS RECAP: Mixed Signals As Holiday-Shortened Week Begins
Posted To: MBS Commentary Mixed Signals As Holiday-Shortened Week Begins Bonds lost some ground today. 10yr yields were up roughly 4bps and MBS fared a bit better, losing only about an eighth of a point. That sounds like bad news at first glance, but there are a few silver linings. First off, rate sheets were […]
Instant Reaction: Mortgage Rates, November 4, 2021
The 30-year fixed mortgage rate fell to 3.09% this week from 3.14%, good news for homebuyers and homeowners who want to refinance. www.nar.realtor – Research
Instant Reaction: Jobs, November 5, 2021
The job market continues to make progress in October with 531,000 net new jobs. Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the level seen before the arrival of COVID-19. www.nar.realtor – Research
Spotlight on Fair Housing at NAR’s Annual Conference
The National Association of REALTORS®’ fair housing team will present two sessions at the 2021 REALTORS® Conference & Expo that offer attendees the opportunity to explore the history of racial discrimination in real estate and to examine and overcome their own hidden biases. www.nar.realtor – Fair Housing
Fur-ever Homes: Pets Are a Motivator to Purchase
Analysis showed 43% of pet owners in the U.S. would be willing to move to accommodate their pet. www.nar.realtor – Research
Fannie/Freddie Report Lower Quarterly Revenues, Profits
Fannie Mae and Freddie Mac (the GSEs) reported their respective third quarter 2021 financial results on Friday. Both posted significant increases in net income from the same period in 2020 but results for each were lower than reported in Quarter Two. Fannie Mae says it had $ 4.8 billion net income for the third quarter of […]
Fannie Mae: Mortgage Serious Delinquency Rate Decreased in September
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 1.62% in September, from 1.79% in August. The serious delinquency rate is down from 3.20% in September 2020. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. The Fannie Mae serious delinquency rate peaked in February 2010 at […]
Pending Home Sales Dip 2.3% in September
Pending Home Sales Dip 2.3% in September Pending home sales dipped in September, retreating from a previous month of growth. Media Contact: Quintin Simmons 202-383-1178
Mortgage Rates Continue Gradual Recovery
Mortgage rates hit 6 month highs by the end of last week, but they’ve been cautiously recovering since then. The rebound traces a similar pattern in the bond market, as is typically the case considering lenders rely on bonds as the primary ingredient in the interest rate recipe. In simpler, more normal times, bonds would […]
Inside Real Estate Launches Innovative Homeownership Solution, CORE Home
Inside Real Estate has announced its first product release from its new homeownership technology, CORE Home. CORE Home is a consumer destination, branded completely to the brokerage and agent. It anchors consumers in a single place, allowing brokerages to deliver a seamlessly connected experience throughout the entire homeownership lifecycle: from living in a home and […]