SPDR S&P Homebuilders News
The average 30-year fixed-rate mortgage rose 1 basis points as the ten-year yield fell 1 basis point, and TBAs rallied. With the refinance boom over, originators are overstaffed and cutting prices to drive ...
Discussing the 14 year low of mortgage originations and the slowing real estate market, with Susan Wachter, professor of real estate & finance at The University of Pennsylvania.
New mortgages hit a 14-year low due to a plunge in refinances because of a jump in interest rates, reports CNBC's Diana Olick.
The average 30-year fixed-rate mortgage fell 5 basis points as the ten-year yield fell 3 basis points, and TBAs rallied. With the refinance boom over, originators are overstaffed.
Increasing home prices may adversely affect demand for mortgage financing, as buyers may either postpone purchases or switch to all-cash transactions.