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Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

Sunday, 07 November 2021
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The Federal Reserve Open Markets Committee’s announcement that it will taper—or slow—its rate of bond buying in November and December probably won’t cause mortgage rates to jump, but it could mean a slow and steady increase. So reports Bankrate.com. Read more...
Mortgage Rates Inch Down After Weeks of Gains

Mortgage Rates Inch Down After Weeks of Gains

Sunday, 07 November 2021
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The weekly average for U.S. long-term mortgage rates has edged back lower after rising for the previous several weeks. So reports the Associated Press. Read more...
9M Refis During COVID-19 Delivered $14B in Monthly Savings: Black Knight

9M Refis During COVID-19 Delivered $14B in Monthly Savings: Black Knight

Sunday, 31 October 2021
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While trillions of dollars in aid have been distributed since the onset of the pandemic, the significant economic stimulus afforded by the pandemic-era refi boom is often overlooked, according to recent data from Black Knight.  Read more...
Mortgage Demand Edges Up Despite Drop in Refinances

Mortgage Demand Edges Up Despite Drop in Refinances

Saturday, 30 October 2021
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Appetite for mortgages has held steady overall though refinance demand has waned amid rising interest rates. So reports RISMedia. Read more...
United Wholesale CEO Named One of 'Michiganians of the Year'

United Wholesale CEO Named One of 'Michiganians of the Year'

Saturday, 30 October 2021
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United Wholesale Mortgage CEO Mat Ishbia has been selected as one of 2021’s “Michiganians of the Year,” with an in-depth profile in The Detroit News. Read more...
Rocket Mortgage’s New Ad Stars Arizona Cardinals Quarterback

Rocket Mortgage’s New Ad Stars Arizona Cardinals Quarterback

Saturday, 30 October 2021
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Rocket Mortgage has hiked the ball to Arizona Cardinals quarterback Kyler Murray for the company’s most recent TV commercial. So reports Ad Age. Read more...
Mortgage Rates Climb to Highest Since April Fool’s Day

Mortgage Rates Climb to Highest Since April Fool’s Day

Saturday, 30 October 2021
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U.S. long-term mortgage rates have risen to their highest since April. So reports Bloomberg. Read more...
Bodnar of MMG: Have We Seen Rates Peak for 2021?

Bodnar of MMG: Have We Seen Rates Peak for 2021?

Friday, 29 October 2021
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There are three reasons to think rates have peaked for the year, according to Bill Bodnar of The Mortgage Market Guide (MMG).  Read more...
Positioning for the Purchase Money Market

Positioning for the Purchase Money Market

Wednesday, 27 October 2021
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By Kevin Crichton, President and COO, EMM Loans, LLC, The mortgage industry is moving from an environment dominated by refinance mortgages, which the Mortgage Bankers Association (MBA) estimates accounted for 69% of all loans in the first quarter of this year, to one that is going to be driven by purchase money. The MBA estimates refinancings… Read more...
Bodnar of MMG: What to Look for Heading Into a Big Week

Bodnar of MMG: What to Look for Heading Into a Big Week

Monday, 25 October 2021
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Mortgage-backed securities touched the lowest levels of 2021 on Thursday and Friday, notes Bill Bodnar of The Mortgage Market Guide (MMG). Read more...

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