Scott Happ News Today

Welcome to today in new york. Its february 28th. Weve got a leap year. So one more day left in the month. Im pat battle. Im gus rosendale. Its almost 40 degrees at 6 00 in the morning. If you havent made plans to be outside, Raphael Miranda is saying do it now. In for a treat. Almost 40 degrees now. Thats where weve been since yesterday afternoon. Temperatures remained stationary. Its dry and mostly clear skies in new york city, down the jersey shore. A bit of cloudiness in fairfield and westche...

There could be an icy spot or two, particularly in the catskills or the poconos. Strong winds expected this afternoon and this evening. From 6 00 in the evening until midnight, wind advisories in effect. Could see gusts of 50 to 55 miles an hour. All the areas shaded in red, including the city and coastal areas. And gusts to the north and west at 35 miles an hour. Damage. Right now. 37 the current temperature. Midday. By the end of the day, into the the wind and the rain will increase in intensi...

Mortgage investors have been demanding higher yields because of fears that borrowers will refinance if rates fall.

Slower-than-expected inflation rate is good news for the housing market, which has suffered greatly from the affects of rate hikes.

The Optimal Blue Mortgage Market Indices from Black Knight showed 30-year rates fell 48 basis points in the month to finish November at 6.58%; but still 3.3...

Rate lock volume took a big hit in November due to affordability challenges and a refi market that dwindled to nonexistent levels.

Borrowers' affordability concerns drove activity lower than normal seasonality in November would indicate, Black Knight said.

The drop was led by a large decline in cash-out refinancing volume, Black Knight said.

The refi market is rapidly approaching a bottom, with interest rates at 20-year highs and affordability a challenge, Black Knight says.

- Optimal Blue Mortgage Market Indices from Black Knight tracked 30-year rates as they rose 34 basis points (BPS) overall throughout the month to finish...