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Tis the season - for hearing from all the experts about what we can expect the coming year to bring. Today it is CoreLogic's Senior Vice President and Chief Economist Frank Nothaft's turn. Nothaft, writing in the company's December MarketPulse magazine, says economic growth will be key for the housing market in 2017 and projects that growth will be between 2 and 2.5 percent. Along with that growth he expects we will see five features. 1. Interest rates will be higher . He is looking for fixed rates to average just over 4 percent for the year for both single- and multi-family loans. The Federal Reserve's rate hike last week and the three additional increases they have projected for next year will increase the cost of loans tied to short term rates such as home equity lines or HELOCs. 2. Vacancy
Housing News
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Tis the season - for hearing from all the experts about what we can expect the coming year to bring. Today it is CoreLogic's Senior Vice President and Chief Economist Frank Nothaft's turn. Nothaft, writing in the company's December MarketPulse magazi... (read more)
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Housing News
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Post-election interest rate changes have considerably dampened mortgage lenders' expectations for mortgage demand. Fannie Mae's fourth quarter Mortgage Lender Sentiment Survey showed the net share of lenders expecting demand to increase over the next... (read more)
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Rob Chrisman
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The cold temperatures sweeping the nation, especially in the Upper Plains, have plenty of folks wondering how Native Americans kept warm during the winter. They managed. But if you’d like to see what temperatures are anywhere in the nation, her... (read more)
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MBS Commentary
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NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my venue to offer deep thoughts with a mix of big-picture and near-term technical considerati... (read more)
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Mortgage Rate Watch
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Mortgage rates stayed steady today, on average, though any given lender could be slightly better or worse compared to yesterday. Bond markets (which underlie rate movement) are beginning the process of winding down for the holiday season. That doesn'... (read more)
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MBS Commentary
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"Holiday trading mode" doesn't guarantee uneventful, sideways bond market momentum, but it does up the chances. Actually, it's probably fairer to say that "holiday mode" means trading doesn't have to make sense . Liquidity and participat... (read more)
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