What Yellen as Treasury Secretary would mean for housing

As early as 2005, a prescient Janet Yellen foretold that systemic risk in the housing market could send the U.S. economy plunging into a historic recession. Fifteen years later, as Treasury Secretary, Yellen looks likely to get the chance to tackle another recession, one in … Continue readingWhat Yellen as Treasury Secretary would mean for housing

What Yellen as Treasury Secretary would mean for housing

As early as 2005, a prescient Janet Yellen foretold that systemic risk in the housing market could send the U.S. economy plunging into a historic recession. Fifteen years later, as Treasury Secretary, Yellen looks likely to get the chance to tackle another recession, one in … Continue readingWhat Yellen as Treasury Secretary would mean for housing

Record low mortgage rates hold steady at 2.72%

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history. The average fixed rate for a … Continue readingRecord low mortgage rates hold steady at 2.72%

Refinance applications jump to highest level since April on low mortgage rates

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. Refinance applications climbed even higher. The refinance index jumped up 5% from the previous week and is now up 79% over last year’s totals from … Continue readingRefinance applications jump to highest level since April on low mortgage rates

Refinance applications jump to highest level since April on low mortgage rates

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. Refinance applications climbed even higher. The refinance index jumped up 5% from the previous week and is now up 79% over last year’s totals from … Continue readingRefinance applications jump to highest level since April on low mortgage rates