Mortgage Market Downturn May Come To An End-Stratmor Report

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In: Mortgage News

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According to mortgage consulting firm Stratmor Group, many lenders have no déjà vu about the current mortgage industry downturn. A recent Stratmor report, citing mortgage industry executives, said “the sentiment is different.”  This time, sharp increases in mortgage rates, hugeContinue Reading

Finance Of America To Exit Wholesale Mortgage Market Post Guaranteed Rate Declined Acquisition Deal

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In: Mortgage News

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The Guaranteed Rate this week was dropped from negotiations to acquire a leading US mortgage finance channel, which could lead to the closure of the FoA division, a source with direct knowledge of the talks told Housingwire. In addition, FoAContinue Reading

Buyers Can Shop Around And Save In This Volatile Mortgage Market

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In: New Home Mortgage News

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This week, the 30-year mortgage rate rose 40 basis points to an average of 6.70%, the highest since 2007, according to the latest Freddie Mac weekly survey data. The research also shows a wide range of interest rates, so homeContinue Reading

Bad News For Mortgage Market Just Keeps On Arriving

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In: Mortgage News

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Last updated on September 27th, 2022 at 04:59 amThe Fed’s positive decision on a volatile day gave false hope for yields. This is evident in the Thursday sales off.  Now on Friday, another big overnight sell-off has recovered well atContinue Reading