Investors watching the PIMCO Total Return exchange traded fund may find a larger mortgage securities position as the bond fund provider rebuilds its mortgage securities position. Scott Mather, who replaced …
Average fixed mortgage rates hit a new low for the year, Freddie Mac said Thursday.
The easy money from the 2012 refinance wave has been made. Now, originators must focus on the purchase business, which is a more difficult area.
Not only has gas gotten cheaper, so have mortgages. The average rate for a 30-year fixed-rate loan now stands at 3.8%, a rate not seen since May 2013, according to Freddie Mac. The average 15-year fixed …
Mortgage rates spent most of the summer stuck around 4.25% and only recently acknowledged the strong bond market rally. The pattern of lagging the bond market seems to be continuing.