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Articles by Lydia Lender

Mortgage Rates 10-1-2019 Lender411
Rates of appreciation steadily declining and appear to be holding steady due to lower interest rates, making it a great environment for buyers.. Bookmark this page for mortgage rates.. • 30-year (FRM) rates at 3.72% (-0.03%). • 15-year (FRM) rates at 3.35% (-0.04%). •...
Mortgage Rates 10-2-2019 Lender411
Yesterday started off looking bleak, but ended with average mortgage rates falling by a notable amount. While watchful of the US-China trade dispute, mortgage rates today look as if they are likely to fall once more.. Bookmark this page for mortgage rates.. • 30-year (FRM)...
Mortgage Rates 10-4-2019 Lender411
Labor markets and consumer confidence continue to be resilient despite cracks in market that suggest impending recession.. Bookmark this page for mortgage rates..  . • 30-year (FRM) rates at 3.62% (0.00%). • 15-year (FRM) rates at 3.25% (-0.01%). • FHA 30-year...
Mortgage Rates 10-7-2019 Lender411
Mortgage rates have been inching lower and lower over the past several weeks. Today showed little movement to that end, suggesting that we may start seeing them creep up again. . Bookmark this page for mortgage rates..  . • 30-year (FRM) rates at 3.63% (+0.01%)....
Mortgage Rates 10-9-2019 Lender411
Mortgage applications to purchase a home decreased by 1% from last week. However, they are still 10% higher than they were this week last year. . Bookmark this page for mortgage rates..  . • 30-year (FRM) rates at 3.61% (-0.02%). • 15-year (FRM) rates at 3.25% (-0...
Mortgage Rates 10-11-2019 Lender411
Average mortgage rates increased yesterday, as predicted. At first, it was sharper than we had initially expected and it pushed the average up to its highest level this month. Fortunately, it's still low by most standards.. Bookmark this page for mortgage rates..  ....
Mortgage Rates 6-8-2020 Lender411
Bonds are coming off one of the most difficult weeks we've seen in months with yields rising at some of the quickest paces we've seen since the mega-volatility of the panicked sell-off in March 2020.   Last week's fast rise with...
Mortgage Rates 6-10-2020 Lender411
Mortgage rates dropped again today.  However, there is some concern that the bond market (which underlies rates) will shift gears and give us a response that is stronger-than-expected according to the economic data. .  .  . Bookmark this...
Mortgage Rates 6-12-2020 Lender411
We've seen COVID-related concerns rise as reported cases increase. However, the Feds gave committed to a baseline amount of bond purchases indefinitely. Additionally, it appears that the stock market is entirely on board. .   . Bookmark this page for...
Mortgage Rates 6-15-2020 Lender411
Optimism was mostly due to the need of refinancing, which  surpassed a perceived drop in mortgage applications. The reported demand growth for refis over the prior three months remained stable for all loan types, including GSE-eligible, non-GSE-eligible,...
Mortgage Rates 6-18-2020 Lender411
The bond market flattened some with yields close to all time lows since April.  Any predisposition tfor gains or losses woud have been apparent, it was slight skew towards higher yields.  . Bookmark this page for mortgage rates:. 30-year (FRM) rates at 2...
Mortgage Rates 6-22-2020 Lender411
Mortgage rates held steady today, similar to where we were on Friday. Conventional 30yr fixed is still very close to the all-time lows that we saw two weeks ago. Remaining at favorable rates is entirely up to the "2nd wave" of COVID case. If they remain low, so...
Mortgage Rates 6-24-2020 Lender411
Mortgage rates continue low end trend as uncertainity with COVID continues. As states open up and exposure to virus will increase, surely this will affect rates. How? It remains to be seen. .  .  . Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3.01%...
Mortgage Rates 6-26-2020 Lender411
Markets are still sideways but bond yields have moved lower this week bringing 10yr yields near their prevailing range in the morning but back up by the afternoon. .  .  . Bookmark this page for mortgage rates:. 30-year (FRM) rates at 2.96% (+0.01%). 15-year (FRM)...
Mortgage Rates 6-29-2020 Lender411
This latest fall was likely the result of dire pandemic news coming from several states --both economic and health-wise. Several states, including Florida and Texas, have paused or slowed down their re-opening of several businesses and have been closing establishments...
Mortgage Rates 6-2-2020 Lender411
Average mortgage rates maintained throughout yesterday --a simliar trend we've seen the previous days. That was fortunate since earlier in the day a rise looked imminent.   .  .  . Bookmark this page for mortgage rates:. 30-year (FRM) rates at 2...
Mortgage Rates 7-6-2020 Lender411
The connection between the mortgage rates and the markets seems to be limited, which is surprising as they usually follow fairly predictably. Even more odd, the markets themselves seem to be confused. All this amassas to even more uncertainty and it could potentially bring...
Mortgage Rates 7-9-2020 Lender411
Uncertainty continues to be the defining factor for mortgage rates and the entire economy, for that matter. Given this, understand that there’s risk whether choosing to lock or float. However, rare is the rate that locking in at an all-time low is a terrible idea...
Mortgage Rates 7-10-2020 Lender411
Rates have had an exceptional run, without a single uptick in the past two weeks. But this won't last forever. Also, continuing to float is a fairly risky gamble these days. Still, it just might pay off. When it comes down to it, however, it's seems smarter to lock it in...
Mortgage Rates 7-13-2020 Lender411
The remarkable recent run of two weeks without a surge had to stop eventually. Unfortunately, it happened on Friday, and it likely triggered by positive news about a potential treatment for COVID-19 cases. Considering that markets are eager for some good news amid the...
Mortgage Rates 7-15-2020 Lender411
Can rates move even lower, and will they do so anytime soon? Possibly! But it's just as likely that they will inch higher if only temporary. The current level was unthinkable only a few short months ago, so locking in now makes sense for most. But, for those gamblers betting on...
Mortgage Rates 7-17-2020 Lender411
Mortgage rates went lower this morning as we caught up with a favorable bond market and investor's eagerness to buy them. The most logical reason for this is the Federal Reserve leading the way with billions of dollars worth of bond purchases every day..  Bookmark this...
Mortgage Rates 7-20-2020 Lender411
Rates moved more than two basis points in a day, and tiny movements like this over such a long period are not the norm. This movement can make one think that there's little to lose by choosing to either lock or float. But be aware that the pandemic's implications on the...
Mortgage Rates 7-21-2020 Lender411
We finally saw an end to the three-month losses of home sales due to the COVID-19 pandemic. It rose by 20.7% from May to June. However, keep in mind that this rise still falls short of analysts' predictions, but it's not off by much. .  .  . Bookmark this page...
Mortgage Rates 7-24-2020 Lender411
If you’re thinking that mortgage rates are moving only one direction lately, you’d be right. There was one a single bump upward this whole of this week and the previous week. Everyone is hoping that this phenomenon will continue for a while. But several experts...
Mortgage Rates 7-27-2020 Lender411
New about COVID-19 continues to be the most significant driver of the market, including mortgage rates. However, the question of how long the markets will care about the pandemic above anything else remains uncertain. Housing sales recently reached the highest level since...
Mortgage Rates 7-30-2020 Lender411
Rates improved overnight and stayed on that course throughout the day, but, not by much of a notable amount.  What will be notable is the lender's ability to handle the volume of loans that are pouring into the pipeline.  . Bookmark this page for mortgage...
Mortgage Rates 7-31-2020 Lender411
Mortgage rates are excellent this morning's rate sheet, and lenders will likely be around their previous all-time lows. Some may be slightly above. Rates are averaging flat instead of falling, which is nothing to be concerned about since they are in line with record lows.....
Mortgage Rates 8-3-2020 Lender411
After nearly 100 consecutive months, record-low mortgage rates alter homeownership and make it the most affordable since 2016. While many areas, mainly coastal properties, remain out of reach for low and middle-income earners, the overall market sees the strongest...
Mortgage Rates 8-5-2020 Lender411
Although we can never predict the future when it comes to rates, there is evidence that the current weakness is more of a sign of normal consolidation than for a reversal.. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 2.83% (+0.02%). 15-year (FRM) rates at 2.39% (+0...
Mortgage Rates 8-7-2020 Lender411
A recent survey by the National Housing Survey showed that the majority of respondents think rates won’t drop any further. 35% believe that the rates will increase over the next year and 42% expect they will remain unchanged or about the same. What do you think?. Bookmark...
Mortgage Rates 8-10-2020 Lender411
Markets are likely to spend the day reconciling with the weekend's executive orders and memorandums by President Trump concerning coronavirus aid. Investors and traders will be judging whether they are sustainable and decide how effective they may be at boosting the...
Mortgage Rates 8-12-2020 Lender411
It's been some time since we've had a sharp rise in interest rates, and it's uncertain whether this is the first of many increases to come or if we're just having an off day. Many are waging that it's a one-time event, lasting maybe two or three days.. Bookmark...
Mortgage Rates 8-17-2020 Lender411
Markets changed little since Friday to account for the rise in rates that day. We're guessing this reaction is due to the Federal Housing Finance Agency's sudden action last week that doesn't have many lenders pleased. We'll have to play the waiting game once...
Mortgage Rates 8-19-2020 Lender411
Refinancing dominated mortgage originations in July, but the gap between purchase loans and refis beginning to close. Ellie Mae's Origination Insight Report for July shows refinances were at 54%, slightly down from 58% in June. However, purchase loans increased to...
Mortgage Rates 8-21-2020 Lender411
For the second month in a row, home sales for July grew in every region, and the median home price rose in each of the four major areas as compared to one year ago. The boom in origination continues. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3.06% (-0.08%). 15-year...
Mortgage Rates 8-24-2020 Lender411
This week starts on an upswing as we have more positive COVID-related news with the FDA approving a new plasma treatment. Overall sentiment will likely continue the push towards gains as S&P hit a new record high, and COVID numbers continued to level off.. Bookmark this page...
Mortgage Rates 8-26-2020 Lender411
MBA found in its latest Forbearance and Call Volume Survey only a one basis point dip in the total amount of loans in forbearance since the last survey. As of mid-August, 7.21% of loans in servicer portfolios, approximately 3.6million, were possible forbearance.. Bookmark this...
Mortgage Rates 8-28-2020 Lender411
GSEs have announced the nationwide suspension of foreclosures and evictions is extended through the end of 2020. The suspension is one of the relief options Fannie Mae and Freddie Mac announced in March when the COVID-19 national emergency was invoked.. Bookmark this page for...
Mortgage Rates 9-2-2020 Lender411
Mortgage rates noticeably improved these past few days, likely due to the delay of a new fee that was announced not too long ago  Ironically, that same fee may be the reason rates move higher. The fee we’re talking about applies to all refinances sold to Fannie Mae...
Mortgage Rates 9-4-2020 Lender411
This morning’s positive employment figures were influential enough for stock markets to recover some of that they lost yesterday and boost Treasury yields. Typically, we’d see it feed into higher mortgage rates. But these are far from standard times. Thus, the...
Mortgage Rates 9-9-2020 Lender411
Mortgage rates have remained fairly steady so far this week. As a quick reminder, they were surprisingly steady the end of last week too, despite the underlying volatility in the bond market.  And as you know, the bond market has a great influence on rates.  ....
Mortgage Rates 9-11-2020 Lender411
The quantity of mortgages in forbearance proceeded to dwindle this last week. Almost 66,000 fewer homeowners in Over the previous 30 days, the decline has totaled about 240,000, roughly 6%. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 2.89% (+0.01%). 15-year...
Mortgage Rates 9-14-2019 Lender411
Nobody could blame you if you wanted to lock in the rate today. Rates started at the last month's fourth-lowest level, which isn't far from the record low. Not only will you get one of the best deals if you lock in today,  but you'll also eliminate the danger of...
Mortgage Rates 9-16-2020 Lender411
Notable Federal changes every lender should know: 2% inflation now has a specific goal of "moderately above 2% so that it averages 2% over time and bond-buying now considered an "accommodative financial condition that supports the flow of credit to households...
Mortgage Rates 9-16-2020 Lender411
Notable Federal changes every lender should know: 2% inflation now has a specific goal of "moderately above 2% so that it averages 2% over time and bond-buying now considered an "accommodative financial condition that supports the flow of credit to households...
Mortgage Rates 9-18-2020 Lender411
The decline continues in the number of mortgage loans in forbearance. That makes it 4 weeks straight, dropping by about 26,000 or 0.7% to roughly 3.7 million loans.. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3.04% (+0.02%). 15-year (FRM) rates at 2.65% (+0.12%). FHA...
Mortgage Rates 9-21-2020 Lender411
Fannie Mae has updated its forecast for the third-quarter gross and now expects growth at an annualized speed of 30.4%.  Experts agree that change had slowed from May and June when restrictions for businesses lifted somewhat. This more recent data points to a sustained...
Mortgage Rates 9-23-2020 Lender411
Applications for both refis and purchasing remain strong. The Refinance Index increased by 9% from the previous week and is 86% higher than the same week a year ago.. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3.04% (-0.01%). 15-year (FRM) rates at 2.67% (-0.01%)....
Mortgage Rates 9-25-2020 Lender411
The stock market demonstrated a few different movements on the bond market. While a correlation is still evident, Treasuries are refusing to budge very far from home base. . Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3.00% (-0.02%). 15-year (FRM) rates at...
Mortgage Rates 9-28-2020 Lender411
Non-conventional loans had a substantial increase in financing new purchases in 2019. The NAHB says while conventional loans dominated purchases, its share shrunk from 71.4% of the market in 2018 to 65% in 2019.  Non-conventional mortgages increased respectively,...
Mortgage Rates 10-2-2020 Lender411
By now, you've heard that President Trump was diagnosed with COVID. While the market fell initially because of the news, it did not go down nearly as expected.  Stimulus-related headlines are likely helping too.. Bookmark this page for mortgage rates:. 30-year (FRM)...
Mortgage Rates 10-5-2020 Lender411
The delinquency rate in late summer was 6.88%. That's 3.6% above the pre-pandemic level, however down 0.03% month-over-month. The change from July to August change was less than the changes from June and July, indicating improvement may be slowing. Caution! This change does...
Mortgage Rates 10-9-2020 Lender411
The bond market drives interest rates, and it has the habit of reacting to big news that impacts the economy. Presently, bonds must wait for new developments, namely the vaccine and the results from the election.. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3...
Mortgage Rates 10-14-2020 Lender411
Last week was a defensive shift for bonds, with yields asymptotically moving towards 0.79%. Now,  it appears as if Traders may have been waiting until after the 3-day weekend to buy. Both Treasuries and MBS  noticeably started strongly.. Bookmark this page for...
Mortgage Rates 10-15-2020 Lender411
Covid-related news is continuous, and the markets proceed to react to significant changes in cases, vaccine trials, new treatments, mortalities in addition to the upcoming election. All this makes for a volatile day ahead.. Bookmark this page for mortgage rates:. 30-year...
Mortgage Rates 10-19-2020 Lender411
The pressure is rising for the bond market. After an intensely calm trading period throughout September, 10yr yields moved to challenge the boundaries heading into October. Several unknowns are on the horizon, particularly the presidential election and the stimulus.....
Mortgage Rates 10-22-2020 Lender411
The rise in refis was undoubtedly a response to the decline in the 30-year note rate. The average for all loans was 3%, down from 3.09% in August. Ellie Mae confirmed this rate was the lowest since tracking data first began in 2011. The average for conventional loans was 3.02%, 3.01%...
Mortgage Rates 10-23-2020 Lender411
MBS has decisively outperformed, making it easier for lenders to avoid climbing rates. However, spreads are building negative momentum in Treasuries, and it increasingly translates to MBS. Stimulus-related headlines may also be to blame for this volatility.. Bookmark this...
Mortgage Rates 10-26-2020 Lender411
The foreclosure inventory dropped by 6,000 --down by 71,000 from last year --to a new current inventory of 181,000. The CARES Act mandate of foreclosure suspension is likely the reason for these low numbers.. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 3.01%...
Mortgage Rates 10-28-2020 Lender411
The amount of potential homebuyers who perceive housing as affordable increased, and the Housing Trends Report found that 27% of buyers reported they could afford about half of the homes available for sale in their target market. This number is up from 20% in the third quarter...
Mortgage Rates 11-2-2020 Lender411
Rate lock-ins in September were nearly even with that in August. Purchase locks were down 2%, which is typical for the season. However, refinance locks were unchanged. Lock activity rose in October by 4% in the first half of the month. Purchase locks were up 6%, with refinancing...
Mortgage Rates 11-4-2020 Lender411
Today's key event is watching the election with a focus on Michigan. It's not clear what the bond market's reaction would be at this time, although we could have traders coming into the market after some time sidelining. No matter what, the blue wave and red wave...
Mortgage Rates 11-6-2020 Lender411
The largest decline with forbearance was among GSE loans, with 57,000 fewer than at the start of the week. Also, loans for portfolio lenders and private-label securities (PLS) reduced by 5.3%, and FHA/VA plans are now at 9.3 percent after a 43,000 decline in loans.. Bookmark this...
Mortgage Rates 11-9-2020 Lender411
Job growth was better than expected last month. The unemployment rate dropped by 1%, though the number of long-term out-of-work Americans makes up one-third of those unemployed —however, consumer borrowing increased in September.. Bookmark this page for mortgage...
Mortgage Rates 11-13-2020 Lender411
The NAR said this past Thursday that home prices continue to grow in every single of the 181 areas it tracks for their quarterly home price report. Both low mortgage rates and inventories of homes for sale are said to have contributed to the annual growth..  . Bookmark this...
Mortgage Rates 11-16-2020 Lender411
While it's still early to know the long-term efficacy and safety of the new vaccine currently in trial, it seems to be capable of instilling optimism in the financial market and the global community.. Bookmark this page for mortgage rates:. 30-year (FRM) rates at 2.92% (-0...
Mortgage Rates 11-18-2020 Lender411
News about the vaccine continues to take center stage and it appeared as if it would push yields past the 1% mark last week. However, it looks different this week.  As of this morning, bonds have barely registered a reaction to the best vaccine news we’ve had os of yet.....
Mortgage Rates 11-20-2019 Lender411
No significant events are happening on the economic calendar today other than the last full trading week before the country kicks off the holiday season. Thus any changes to the market will result from other factors, namely, repositioning by money managers.. Bookmark this...
Mortgage Rates 11-23-2020 Lender411
Record-low rates activated repayments this month. However, delinquencies were still ninety percent higher in October than they were this time last year. New study shows that homeowners that qualify to ref would save an average of $309. . Bookmark this page for mortgage...
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