Mortgage rates are back at more than 7%, at their highest levels in two weeks before the Fed
Mortgage rates have moved moderately higher for the average lender at some point over the past couple of days. Some lenders bumped interest rates yesterday afternoon, so they didn’t need…
Mixed results in home price estimation on an annual basis
The Case-Shiller S&P CoreLogic Indexes posted annual declines in home prices for the second straight month in May, while the Federal Housing Finance Agency’s (FHFA) Housing Price Index continues to…
Same wait, a little less comfort
After the latest CPI report sent interest rates into the prevailing summer range, we figured we’d have to wait until tomorrow’s Fed day for the next big shoe drop. While…
How do I benefit from mortgage rates with good credit?
4. Keep Old Lines of Credit Open It’s important that you don’t close old lines of credit, even after you’ve paid them off. While closing unused accounts may seem like…
The effect of insuring the national average mortgage is $55,000
You may have heard the phrase mortgage rate lock-up recently, as a quick update, it is the unwillingness of a homeowner to part with a very low mortgage rate for…
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Did the Bank of Canada go too far in raising interest rates? Tal from CIBC thinks so.
There is a strong case to be made that the Bank of Canada has raised rates too high. This is according to CIBC Deputy Chief Economist Ben Tal, who says…
Mortgage rates unchanged to slightly higher
It was a fairly quiet day for mortgage rates for the average lender — at least until the end of the business day. Mortgage lenders prefer to set rates once…
Slightly weaker momentum, but no change in the bigger picture
Slightly weaker momentum, but no change in the bigger picture 1 hour, 27 min ago Slightly weaker momentum, but no change in the bigger picture today The most notable market…
The pre-Powell baseline remains intact heading into the new week
Early last week, we moved away from waiting for additional upward momentum from last week’s rally to a waiting pattern ahead of this week’s Fed meeting. At the time, the…
How to become a loan officer in texas
How much a loan officer earns depends on where they work. Some mortgage loan officers earn a fixed salary, while others earn a salary plus commission. Typically, commissions are calculated…