The Dow closed for the week at 30 points above while the 10yr closed at 2.79. The biggest culprit for the rate increase was due to Friday’s stronger-than-expected Employment Situation report. 262 more words
Tags » Mortgage News
Canada Mortgage and Housing Corporation (CMHC) announced they will be increasing the cost of insurance premiums effective May 1st. The premium increase is minimal and isn’t expected to slow the mortgage volumes (see below for cost changes). 396 more words
Last week’s economic news was mixed, with new home sales increasing and weekly jobless claims higher than expected.
Case-Shiller and FHFA home price reports reflected slower growth in home prices. 527 more words