The long-term rate-indicative 10-year Treasury yield appears to have moved into a new higher trading range above 4.90%, according to Yahoo! Finance/Associated Press.Only recently had the benchmark yield begun to rise significantly outside of its previous range, which had averaged roughly around 4.75%. A notable increase in overall monthly employment that came despite an earlier downturn in mortgage jobs gave the yield its most notable recent boost to about 4.95% on Friday, June 1. It was trading slightly lower at about 4.94% as of midday Monday.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18