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Could mortgage rates hit 9%? One economist lays out the scenario

Could mortgage rates hit 9%? One economist lays out the scenario

The 30-year fixed mortgage rate reached 7.5% as Hepp spoke, a level that reflects the sustained pressure long-term Treasury yields have placed on home lending costs throughout this rate cycle....

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Pennymac, UWM, loanDepot lag in RMBS issuance as Rocket grabs share

Pennymac, UWM, loanDepot lag in RMBS issuance as Rocket grabs share

Pennymac, loanDepot and United Wholesale Mortgage produced third-quarter agency mortgage-backed securities issuance that “screen[s] furthest below our estimates,” while Onity and Rocket look set to come in above expectations, a...

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House price-to-earnings gap narrows to lowest level in 11 years: Lloyds – Mortgage Strategy

House price-to-earnings gap narrows to lowest level in 11 years: Lloyds – Mortgage Strategy

The gap between house prices and earnings has narrowed to its smallest level in 11 years, as wage growth continues to outpace house price inflation, according to Lloyds. The research...

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Mortgage Rates Waiting on the Jobs Report for Their Next Move

Mortgage Rates Waiting on the Jobs Report for Their Next Move

Well, we got a tame PCE report this morning, which would normally be good news for mortgage rates. But instead of seeing bond yields drop and relief come, rates are...

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Borrower sues Gold Star Mortgage a day after ransomware gang claims data theft

Borrower sues Gold Star Mortgage a day after ransomware gang claims data theft

The cybercriminal group BrainCipher has claimed responsibility for the attack, according to the filing. The suit says BrainCipher claims to have pulled more than 10,300 documents from Gold Star’s IT...

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Man Group: 5.5% yields risk cracking AI capex, US consumer

Man Group: 5.5% yields risk cracking AI capex, US consumer

Man Group Plc Chief Market Strategist Kristina Hooper warned that surging long-end Treasury yields threaten to topple the two pillars propping up US economic growth: AI capital expenditures and consumer...

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21 Sept to 25 Sept – Mortgage Strategy

21 Sept to 25 Sept – Mortgage Strategy

This week’s top headlines: Skipton BS cuts rates and expands range and HMRC tax receipts hit £391.6bn Explore these and other major industry updates below: Skipton BS cuts rates and...

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