Mortgage News
- New Forbearance Plans and Reentries Rise September 17, 2021Black Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program, primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percent during the week ended September 14, leasing […]Jann Swanson
Mortgage Rates
- Rates at 2-Month Highs Ahead of Fed Week September 17, 2021Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week's Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower prices and higher rates, all other things being equal. Despite the poor […]Matthew Graham
- Highest Rates in a Week After Surprisingly Strong Economic Reports September 16, 2021Mortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday. There are a few exceptions to that due to recent regulatory changes. Specifically, many lenders made improvements to loans for 2nd homes and investment properties. That's the short version. If you need to background, here's the long version. The average […]Matthew Graham