From Golden Gate Sotheby's Bay Area Market Report… The San Francisco Bay Area real estate market is strengthening The San Francisco Bay Area housing market boomed in the second quarter, with prices nearing record levels. A relatively strong economy continued to support demand for housing even as prices rose. The local economy added approximately 18,000 jobs year to date through mid-2024. Most of these new jobs occurred in the outer counties of the San Francisco Bay Area, particularly Solano and Sonoma Counties. The unemployment rate remained in the low 4% range, supporting wage growth throughout the San Francisco Bay Area.…
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Orion Portfolio Solutions LLC reduced its holdings in Janus Henderson Mortgage-Backed Securities ETF (NYSEARCA: JMBS – free report ) by 11.7% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund sold 6,217 shares during the quarter to hold 46,700 shares of the company. Orion Portfolio Solutions LLC held about 0.05% of Janus Henderson Mortgage-Backed Securities ETF worth $2,106,000 at the end of the most recent reporting period. Other institutional investors and hedge funds are also buying and selling shares of JMBS. CWM LLC increased its holdings in the Janus Henderson…
Orion Portfolio Solutions LLC reduced its holdings in Janus Henderson Mortgage-Backed Securities ETF (NYSEARCA: JMBS – free report ) by 11.7% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund sold 6,217 shares during the quarter to hold 46,700 shares of the company. Orion Portfolio Solutions LLC held about 0.05% of Janus Henderson Mortgage-Backed Securities ETF worth $2,106,000 at the end of the most recent reporting period. Other institutional investors and hedge funds are also buying and selling shares of JMBS. CWM LLC increased its holdings in the Janus Henderson…
Entropy Technologies LP purchased a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT – FREE REPORT ) during the first quarter, the company announced in its latest filing with the Securities and Exchange Commission (SEC). The fund purchased 10,158 shares of the real estate investment trust's stock worth about $149,000. Other institutional investors and hedge funds also recently modified their holdings in the company. Roble Belco & Co. acquired a new stake in PennyMac Mortgage Investment Trust worth $29,000 in the first quarter. National Bank of Canada FI increased its holding in PennyMac Mortgage Investment Trust by 94.9% in the…
mphillips007 / Getty Images/iStockphotoMortgage applications have increased recently as 30-year interest rates have fallen to their lowest level since March, according to data from the Mortgage Bankers Association. The data showed that 30-year fixed rates fell to 6.87% and mortgage applications rose 4%, while refinances increased 15%, reaching their highest level since August 2022. With many homeowners considering refinancing their mortgages as interest rates fall, let's consider whether the process makes sense.Read next: I'm an economist: Here's my prediction for the housing market if Trump wins the electionCheck it out: 7 Reasons to Consider a Financial Advisor Even If You're…
Home buyers and owners pay close attention to the fluctuations in mortgage interest rates, so understanding current rates and their forecasted trends is crucial to making an informed decision. Mortgage interest rates can form one of the most significant financial commitments in life and represent a crucial aspect of the real estate market. In this article, we take a closer look at the latest mortgage rates as of July 20, 2024, and provide some insight into what to expect in the week ahead. Today's mortgage rates (July 20th) and forecast for next week Current mortgage rates: 7/20/2024 As of today,…
Entropy Technologies LP purchased a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT – FREE REPORT ) during the first quarter, the company announced in its latest filing with the Securities and Exchange Commission (SEC). The fund purchased 10,158 shares of the real estate investment trust's stock worth about $149,000. Other institutional investors and hedge funds also recently modified their holdings in the company. Roble Belco & Co. acquired a new stake in PennyMac Mortgage Investment Trust worth $29,000 in the first quarter. National Bank of Canada FI increased its holding in PennyMac Mortgage Investment Trust by 94.9% in the…
Builders Capital Mortgage Corporation (CVE:BCF – Get Free Report) shares fell 0.1% during trading on Friday. The stock traded as low as C$8.41 and last traded at C$8.41. Approximately 3,735 shares were traded during trading, up 95% from the average daily trading volume of 1,916 shares. The stock closed at C$8.42 prior. Analyst Rating Changes Meanwhile, Fundamental Research set a price objective of C$10.50 on Builders Capital Mortgage and gave the stock a “buy” rating in a research note on Friday, June 28th. View our latest analysis for Builders Capital Mortgage Builders Capital Mortgage Stock Performance The company's 50-day simple…
Mortgage rates remained fairly steady when comparing the start of the week to the end, with traditional 30-year, 20-year and 15-year fixed rates finishing just a few basis points off where they began the week.You may be wondering when mortgage rates will fall enough to have a noticeable impact on your monthly payment. The answer? Probably not in 2024, but in 2025. The Federal Reserve may only cut the federal funds rate once this year, but it will likely cut it four times in 2025. When the federal funds rate falls, mortgage rates tend to follow.Current mortgage interest ratesAccording to…
Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. The average 30-year mortgage rate was 6.58% last month and is currently trending down about 30 basis points, according to Zillow data. The rate cut comes after consumer price index data showed inflation slowed more than expected in June, rising just 3.0% year-on-year. This slowed from 3.3% the previous month and is a significant drop from…