Categories for News

Treasury Secretary Nominee Steven Mnuchin Calls for Housing Reform

January 23, 2017 by Leave a comment

Last Month: Markets think Mnuchin wants privatization Earlier last month, Donald Trump’s pick for Treasury Secretary Steven Mnuchin stated that getting Fannie and Freddie out of government control is “on the top 10 list of things that we’re going to get done.” He went further, stating: “It makes no sense that these are owned by... View Article

Filed under: , ,
Read More

Trump Reverses Reduction in FHA Mortgage Insurance Costs

January 20, 2017 by Leave a comment

On January 27th, new cuts to the FHA’s mortgage insurance premiums were supposed to go into effect. That won’t be happening now, though. Earlier in the month, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, announced  a 25 basis point cut in mortgage insurance for FHA borrowers. “After four straight years of growth... View Article

Filed under: ,
Read More

September Surprise: Is a Rate Increase Likely?

August 2, 2016 by Leave a comment

Changes in interest rates set by the Federal Reserve are a tool the central banks use to control inflation. Of course, these changes also tend to have a direct and immediate impact on mortgage rates. When the bank raises rates to discourage inflation, rates for borrowing, including mortgages, also rise, increasing the cost of buying a... View Article

Read More

Ever Lower Rates Bring out the Serial Refinancers

July 19, 2016 by Leave a comment

Brexit, the British decision to leave the European Union, is the latest unexpected event that’s driving down mortgage interest rates as investors flee Great Britain and European markets for the safety of US Treasury bonds and mortgage-backed securities. Europe’s dilemma is a boon for American homeowners as the uncertainty in Europe took raising rates off... View Article

Filed under: ,
Read More