The 10-year Treasury yield, which is indicative of long-term mortgage rates, had fallen to 4.80% as of midday Tuesday, definitively moving it into a trading range below 5.0%.Among the market developments continuing to pressure bond yields downward was a report by luxury homebuilder Toll Brothers that it was cutting its earnings estimate in response to conditions in the housing market, according to Yahoo! Finance. However, homebuilder shares had halted their recent slide and were up slightly as of midday Tuesday.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
2h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
3h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
3h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
5h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25