higherforlonger Archives

Secondary mortgage market adjusts to higher-for-longer rates

May 2, 2024 mpsingh No Comments Real estate adjusts, higherforlonger, HWmember, Market, MBS, Mortgage, MSRs, rates, secondary, Secondary market, whole loans

The bottom line is the housing market remains in flux and is once again adjusting to the likelihood of interest rates remaining higher for longer after being teased by the potential of a falling rate environment. This flux has created far more volatility in the housing market, particularly in recent weeks, with the MOVE Index — a [...]read moreSecondary mortgage market adjusts to higher-for-longer rates

As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

April 16, 2024 mpsingh No Comments Real estate 30-Year Fixed Mortgage, adapting, Featured Homepage, Federal Reserve, Freddie Mac, higherforlonger, HWmember, industry, inflation, Mortgage, mortgage rates, Mortgage Rates Center, Rate, scenario, unfolds

“We’re back in the land of 7%-plus mortgage rates,” Will Chang, Pennymac’s senior managing director and chief investment officer, said in an interview with HousingWire. “For better or worse, consumers are starting to realize that the days of 2% or 3% mortgages are well behind us and not going to be seen again for some [...]read moreAs a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?