Mortgage Rates Not Impressed by Market Volatility
Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds. Conventional wisdom holds that stocks and bonds supplement one another, and that as "money moves in" to one ...
Sharp Drop in Rates Spark Jump in Applications
The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week,...
Housing Market is Expected to Stabilize in 2019
Economic growth is expected to slow in 2019 leading to stabilized home sales and mortgage rates, according to Fannie Mae‘s economic and strategic research group. A widening trade deficit and moderati...
Mortgage 101: A Beginner’s Guide to Mortgages
A mortgage can seem complicated, but Newrez is here to help you feel confident in the mortgage process from start to finish. Check out some of the most common mortgage questions below so you’ll be rea...
Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...
What Not to Do Between Application and Closing
Ignore Impulse Buys The days between the time you apply for a mortgage and the moment that you close the loan can be filled with adrenaline. The excitement of owning your first home or buying a new on...
Mortgage Interest Rates Predictions
10-Year Treasury Bond The 10-year Treasury yield is closely watched as an indicator of broader investor confidence. This is because Treasury bills, notes, and bonds are considered safe investments b...
Why Refinancing Still Makes Sense Amid Rising Rates
Mortgage Interest Rates Are Still Considered Low Even as mortgage rates have been rising over the past year, the rates remain near historic lows; therefore, many people are locking in today’s rates to...
Mortgage Rates On the Rise Read This Before You Refinance
What is a Good Mortgage Rate? The answer to that question can vary depending upon everything from your personal financial situation to current housing market conditions. Of course, the adage, “the low...