Current market rates
Where are mortgage rates now? Check out our weekly interest rate update to track the latest market rates.
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Category: Finance and Mortgages
Additional refinancing fees delayed
The Adverse Market Refinance Fee has been delayed until December 2020, and interest rates sigh in relief.
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Foreclosure moratorium extended by FHA, Fannie Mae, Freddie Mac
HUD and the FHFA have announced an extension of the foreclosure moratorium for single family homes through the end of 2020.
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DBO Bulletin Digest August 2020
The August 2020 DBO focuses on continuing safety compliance for coronavirus (COVID-19), the California Residential Mortgage Loan Act, additional loan accommodations related to COVID-19 and imposter scams.
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MIP, PMI, or neither?
This chart compares the costs and benefits of default insurance demanded by lenders on mortgages with LTVs exceeding 80%, and suggests the optimal financing path for homebuyers.
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ARMs are unattractive in 2020 as FRM rates fall
Use these charts to compare the average ARM rate with the 30-year FRM rate.
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DBO Bulletin Digest July 2020
The July 2020 DBO Bulletin focuses on safety compliance for coronavirus (COVID-19), the Responsible Small Dollar Loans Pilot Program and assessment rates.
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Guidance for the LIBOR transition
The time is now for financial institutions to begin planning the transition away from the LIBOR.
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Press Release: Q2 2020 Buyer Purchasing Power Index rises due to historically low interest rates
The Buyer Purchasing Power Index (BPPI) rose to +10.5 in the second quarter of 2020.
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May a lender refuse to accept a homeowner’s post-petition mortgage reinstatement and foreclose?
Earline Williams v. 21st Mortgage Corporation
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Forbearance requests rise while access to mortgage credit falls
The MBA’s Mortgage Credit Availability Index has fallen sharply, now 32% below the November 2019 peak.
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S&P 500: Stock pricing vs. earnings (P/E ratio)
An update on stock pricing and earnings.
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ARM rates remain low, but not low enough
The average ARM rate has fallen back in 2020.
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The Fed’s purchase of mortgage-backed securities has a big downside for lenders
This spring’s high level of margin calls on top of rapidly rising forbearance rates have put the mortgage industry in a dangerous position.
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Forbearance requests increase 100-fold in just seven weeks
Nationally, 7% of mortgages were in forbearance in mid-April.
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Mortgage credit availability declines as recession certainty sets in
Lenders are walking a tightrope this spring.
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Falling interest rates keep Buyer Purchasing Power Index positive in Q1 2020
California’s Buyer Purchasing Power Index (BPPI) was +8.9 in Q1 2020.
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Treasury yields go negative: what it means for real estate
For the housing market, this domino effect of lower long-term yields translates to lower interest rates on FRM rates.
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The source of home price movement: buyer purchasing power
Find out what today’s buyer purchasing power means for tomorrow’s home prices in California.
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Are we heading toward a foreclosure crisis in 2020?
We are in the middle of a unique, global economic moment and the end result is still out of reach.
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