The long-term rate-indicative 10-year Treasury yield on Monday morning dropped to a low below 1.8% not seen since February.
The 10-year near noon was at about 1.77%, according to Yahoo Finance.
Depending on how long it is sustained, the move could mean longer-term mortgage rates drop even further.
The average weekly Freddie Mac rate for a 30-year mortgage has dropped slightly below past records to new lows the last two weeks in a row.
The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.
Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.
Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
