Interest rates

The spike in overnight repurchase agreements may prompt the Federal Reserve to expand its balance sheet.

For the third time in five months, the San Francisco bank made a downward revision Monday to its guidance on net interest income. An executive cited the impact of lower interest rates.

What's happening with interest rates on loans for land acquisition, development and single-family construction pretty much goes against everything being said about rates lately.

As the clock runs out on Libor, the American Financial Exchange created its own alternative to replace the much-used index.

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

The Federal Reserve reduced short-term rates for the first time in years, and accelerated its plan to stop shrinking the Fed’s balance sheet by rolling maturing mortgage-backed securities into Treasuries.

An important traditional tool of monetary policy has been diminished and may even become counterproductive in the future.

The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.

Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."

Mortgage prepayment speeds may rise with the strong U.S. rate rally, and that may be cause for alarm for mortgage investors.