Nationstar Mortgage (NSM) fell nearly 17% in the last trading session amid huge volumes, continuing its recent trend, as the stock is now down nearly 17% in the past one month.
JP Morgan has reduced its Mortgage Banking head count by ~19,000 over the last three years. Related expenses declined 30% in 2014 as a result.
NEW YORK ( MainStreet ) — Average 30-year-fixed mortgage rates are running just a tad above their 3.31% all-time lows, but economists predict 2015 will be the last hurrah for sub-4% home loans — and possibly even for sub-5% ones, too.
The ten-year bond influences everything from mortgage rates to corporate debt. It’s now the benchmark for long-term U.S. interest rates.