Mortgage Rates Break 5 Day Losing Streak, But Remain Elevated

If we overlook the nearly unchanged performance from last Friday, mortgage rates were on a 5 day losing streak as of yesterday afternoon with the 30yr fixed rising about a quarter of a percent.  That streak ended today as the bond market responded to favorable inflation data and tame comments f

VA Asks Lenders to Extend Foreclosure Moratorium

The VA asked mortgage servicers to continue a pause on foreclosures until Dec. 31 to help veterans at risk of losing their homes.

Pending Home Sales Slumped 7.7% in April

Contract signings retreated in all regions compared to the previous month and one year ago. The Midwest and West saw the largest monthly declines.

Mortgage Rates Snap Three-Week Pullback

The average rate on a 30-year mortgage increased to 7.03% from 6.94% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 6.36% from 6.24% last week.