After many anticipated a Federal Reserve interest rate hike this year, investors have left mortgage-backed real estate investment trusts and related exchange traded funds undervalued. Over the past year, …
Mortgage rates fell this week, with lenders offering a 30-year fixed loan at an average of 3.69%, down from 3.78% a week ago, Freddie Mac said.
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.
The 30-year fixed-rate average rose for the third week in a row, climbing to 3.8 percent. It has risen 21 basis points in the past three weeks.
The bank analyst says U.S. policymakers have sown the seeds of another mortgage meltdown. But he's issued similar warnings in the past and provides a Rorschach test for what you view as the primary cause of the housing crisis.
Canyon Partners is paring its bullish investments in the mortgage-bond market after the hedge fund made about $7 billion in the past decade capitalizing on opportunities leading up to and following the financial crisis.
In the past 10 weeks, the 30-year fixed-rate average has fallen 36 basis points to 3.66 percent, its lowest level since May 2013.
Over the past several months, mortgage rates and the ten-year bond yield stopped correlating. Last week, this trend broke as the two variables lined up once again.