Mortgage rates rise on weak economic news
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
Economy
Inflation news could keep Fed to one rate cut this year
Mortgage rates rose this week as investors priced stronger than expected inflation and jobs affecting Fed moves into the 10-year Treasury.
Fannie Mae, Freddie Mac regulator, CSBS agree to share nonbank info
The memorandum creates channels for sharing information about nonbanks between the Federal Housing Finance Agency and the Conference of State Bank Supervisors.
Mortgage rates to stay elevated on inflation worries, Freddie says
The 30-year fixed rate mortgage, the movements of which have been volatile in recent weeks, is expected to stay in the range of 6.5% for the first half of the year before trending down, Freddie Mac said.
Mortgage rates move higher on systemic volatility
Instability in mortgage rate movements should continue in the weeks ahead, even with Fed Chairman Jerome Powell's comments on inflation.
Mortgage rates to stay over 6% for next two years, Fannie Mae says
Fannie Mae's latest forecast now predicts rates to be half a percentage point higher, and volume to be $1.5 trillion lower than previously expected in 2024.
Mortgage rates slip but forecasts don’t look promising
The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.
Change Lending now a member of Federal Home Loan Bank of San Francisco
The community development financial institution was the nation's top non-qualified mortgage lender last year, according to one ranking.
Mortgage rates rise again and could stay higher for longer
The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.
Fannie Mae predicts higher interest rates in latest 2024 outlook
While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.
Valley National Bank, heavy on CRE, is confident despite investor worry
Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.
Evegy Missouri West plans to raise $331.1 million in utility bonds
The deal has a relatively high exposure to commercial and industrial customers. Non-residential ratepayers account for 55% of its customers and about 47% of its revenue.
NY’s $260 billion pension fund is dropping Exxon, other energy company holdings
The public retirement fund, one of the biggest in the US, said four years ago it would review all of its fossil-fuel holdings as it sought to reduce investment risks linked to climate change.
Freddie Mac’s profits rise with steadying home price growth
The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
Mortgage rates flat in spite of Treasury yield spikes
While the Freddie Mac survey reported just a 1 basis point increase from last week, Zillow's tracker found a 30 basis point rise in the 30-year fixed, more reflective of what happened in the bond market.
Yellen says commercial property is a worry, but regulators are on it
She cited the increase in interest rates, higher vacancy rates thanks to shifting work patterns triggered by the pandemic and a wave of commercial real estate loans coming due this year.
Cracks in the commercial property market are widening to apartments
The share of loans in Arbor's CLOs that failed to make a scheduled payment more than doubled in the fourth quarter, according to preliminary data compiled by Banco Santander SA.
Delinquent loans on GSE books lowest since 2019
But Fannie Mae and Freddie Mac conducted no private-market sales of nonperforming loans early last year as adjustments were made to the program.
Mortgage rates slip again on positive economic outlook
As a result, a robust housing market is now on the horizon, Freddie Mac chief economist Sam Khater declared.
Virginia Power prepares to sponsor first utility ABS, raising $1.2 billion in ABS
The VPFS trust offers two AAA-rated, class A tranches to investors, which have legal final maturity dates of May 1, 2029 and May 1, 2033.
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