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Bodnar of MMG: What's the Impact of a Surprisingly Hot Jobs Report?

Bodnar of MMG: What's the Impact of a Surprisingly Hot Jobs Report?

Friday, 04 February 2022
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Friday's surprisingly hot jobs report now puts the Fed back in hawkish mode and just about cements a rate hike in March, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
Bodnar of MMG: All About the Fed

Bodnar of MMG: All About the Fed

Friday, 28 January 2022
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Bill Bodnar of the Mortgage Market Guide (MMG) says all the focus is on the Fed. "In addition to hiking rates in March, [the Fed] said something that pointed right at the housing market." Read more...
Rate Hikes Loom as Fed Hints at March Increases

Rate Hikes Loom as Fed Hints at March Increases

Friday, 28 January 2022
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The Federal Reserve has given its most direct indication yet that it might begin raising interest rates as early as March, which will likely also put pressure on mortgage rates. So reports CNBC. Read more...
Guaranteed Rate to Lay Off 348 in Stearns Wholesale Closure

Guaranteed Rate to Lay Off 348 in Stearns Wholesale Closure

Friday, 28 January 2022
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 After Guaranteed Rate opted to shutter Stearns Lending’s third-party wholesale channel, Stearns has divulged plans to lay off 348 employees. So reports Inman. Read more...
Fannie Mae Pushes Flood Risk Disclosure Standard

Fannie Mae Pushes Flood Risk Disclosure Standard

Friday, 28 January 2022
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Fannie Mae has called on the ​​Federal Emergency Management Agency to create a national flood risk reporting standard to help homebuyers. So reports Politico. Read more...
Mortgage Rates Drift at Highest Levels Since Pandemic

Mortgage Rates Drift at Highest Levels Since Pandemic

Friday, 28 January 2022
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U.S. long-term mortgage rates have held basically steady, remaining at their highest levels since the pandemic hit in early 2020. So reports MarketWatch. Read more...
Bodnar of MMG: Can the Fed Act as Tough as It's Talking?

Bodnar of MMG: Can the Fed Act as Tough as It's Talking?

Friday, 21 January 2022
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The bond market is trying to find a bottom in price/peak in rates, says Bill Bodnar of the Mortgage Market Guide (MMG). "It's all about the Fed and can they act as tough as they are talking? Next week bring the Fed Meeting. Read more...
December 2021 Forbearance Rate Slides to 1.41%

December 2021 Forbearance Rate Slides to 1.41%

Friday, 21 January 2022
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The share of mortgage borrowers under agreements to pause or reduce payments continued to slide to end 2021, according to new data from the Mortgage Bankers Association. So reports RISMedia. Read more...
United Wholesale Strikes Chord with Rebranded Music Venue

United Wholesale Strikes Chord with Rebranded Music Venue

Friday, 21 January 2022
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United Wholesale Mortgage has announced a partnership with a venerable Detroit-area music venue that is rebranding under its original name. So reports Detroit Free Press. Read more...
Mortgage Rates Climb for Third Week, Topping 3.5%

Mortgage Rates Climb for Third Week, Topping 3.5%

Friday, 21 January 2022
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U.S. long-term mortgage rates have notched their consecutive weekly increase, returning to their highest since the start of the pandemic. So reports CNN. Read more...

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