Mortgage Rates Surge Past 6% On Fears Of Fed Tightening
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday.
Source: inman.com
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Top News In Alternative Financing Today - Breaking & Trending Today
Mortgage Rates Under Pressure Again With Inflation At 40-Year High
Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July.
Source: inman.com
RE/MAX's Motto Mortgage Hires New VP of Product to Fuel Growth
Chris Erickson has held product management roles at Guaranteed Rate, CoreLogic, Nationstar Mortgage and Citi.
Source: inman.com
Homeowners Gained $3.8T In Equity Over The Past Year, CoreLogic Says
Homeowner equity grew by 32.2 percent in the past year as the number of borrowers underwater on their mortgages fell to a new low.
Source: inman.com
Lending Activity Plummeted During Q1
A report found overall residential lending to be down 32 percent between the first quarters of 2021 and 2022, with refinancing lending dropping 22 percent and mortgages dipping 18 percent.
Source: inman.com