Bundling mortgages and selling them to investors is helping banks make big profits even as they charge lower interest rates.

Topics:  rates   banks   mortgage   profit   
BING NEWS:
  • 2025 Mortgage Rate Forecast: Will Homebuyers Finally Get Some Relief?
    Now, forecasts show average 30-year fixed mortgage rates hovering around the mid-6% range for a while. Logan Mohtahsami, lead analyst at HousingWire, expects rates to range between 5.75% and 7.25% ...
    12/19/2024 - 7:00 pm | View Link
  • Home Sales Keep Rising Despite High Mortgage Rates
    Homebuyers may not like the new normal of mortgage rates in the high 6% range, but they're getting used to it.
    12/19/2024 - 3:29 am | View Link
  • How the Fed's Interest Rate Cut Could Impact Mortgage Rates
    The Fed doesn't directly set mortgage rates, but it influences them by making changes to the federal funds rate, the interest rate that banks charge one another for short-term loans. The Fed's ...
    12/18/2024 - 8:00 pm | View Link
  • Fed cuts but mortgage rates could be 'higher for longer'
    Monetary policy officials greenlighted a 25 basis-point federal funds cut but mixed economic signals dimmed hopes for more affordable home financing costs.
    12/18/2024 - 8:13 am | View Link
  • Mortgage demand falls for the first time in five weeks as interest rates increase
    Mortgage applications declined 0.7% on a seasonally adjusted basis during the week ending Dec. 13, driven by less refinancing activity.
    12/18/2024 - 4:40 am | View Link
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