Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…
The American homebuyer’s “typical mortgage payment” is up 12 percent over last year, and the trend is expected to continue in the year ahead, according to a new report from CoreLogic.
Although the stock market remains in the stratosphere, the share price of LendingTree Inc., Charlotte, has been smacked around the past few weeks, and is now trading at an 8.0 percent discount to its January high of $404.40.