Mortgage rates cool down in response to AI stock sell-off, lower Treasury yields
HousingWire Data shows 30-year conforming rates at 7.52%, down 11 bps week over week, as the 10-year yield fell to 5.09%
Like Figure, line up 2-3 loan buyers as PLS stalls
Waiting for the market to improve before issuing securities can pay off in some ways but has tradeoffs. Loan sellers should have other options.
Guild, CrossCountry tap builder price cuts; copy their play
With 43% of builders cutting prices, the most since 2020, Guild and CrossCountry are using builder incentives, rate locks and buydowns to win buyers. Lenders should copy the play.
Pamela Heman
Phone:+1(816) 810-5001