Tag Archives: Banking & Lending

Healthy jobs report drives up mortgage rates for first time in weeks

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During the pandemic, the Federal Reserve has been keeping a lid on interest rates by increasing its holdings of long-term Treasurys and mortgage-backed securities (MBS) by $120 billion a month. Before announcing a timetable for tapering those purchases… Continue reading →

Underwater homeowners gain breathing room as prices climb

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Fewer properties are considered seriously underwater now that rising home prices have put homeowners with mortgages in a better position. Continue reading →

August opens with lower mortgage rates as Treasury yields dip

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Interest rates on 30-year mortgages fell further as bond markets reacted to the delta variant’s potential impact on the global economy. Continue reading →

The top 5 states where institutional investors are gobbling up homes

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Corporate buyers were particularly active in Mississippi, where 1 in 9 homes that sold ended up in the hands of an institutional investor. Continue reading →

Banks offer exposure to mortgage risk — and investors want in

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The new bond products offer higher yields in a low-interest-rate environment. But if the loans go bad, investors are on the hook. Continue reading →

With home prices slow to fall, would-be buyers are getting squeezed out

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People who lost income during the pandemic are finding it hard to buy their first homes as real estate prices grew faster than incomes, according to a new Harvard University report. Continue reading →

Home office eclipses short commute as a buyer must-have, agents say

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Nearly 60 percent of agents surveyed by Homelight said they expect a home office to be a top priority for buyers in a post-vaccine landscape. Continue reading →

First-time buyers still eager, despite snags on path to homeownership

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A Chase survey revealed nearly 4 in 10 potential first-time buyers lost income during the pandemic, setting back their homeownership goals. Continue reading →