Latest Mortgages News
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.4%. Borrowing...
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
LOS ANGELES (AP) — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking...
Cherry Hill: Q3 Earnings Snapshot
FARMINGDALE, N.J. (AP) — FARMINGDALE, N.J. (AP) — Cherry Hill Mortgage Investment Corp. (CHMI) on Tuesday reported a loss of $12.4 million in its third quarter. On a per-share basis, the Farmingdale, New Jersey-based company said it had a loss of 49 cents. Earnings, adjusted for...
Average rate on a 30-year mortgage in the US rises for 6th straight week
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate...
Granite Point Mortgage Trust: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Wednesday reported a loss of $31 million in its third quarter. On a per-share basis, the New York-based company said it had a loss of 69 cents. Losses, adjusted for non-recurring costs and stock option...
Angel Oak: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Wednesday reported third-quarter profit of $31.2 million. The Atlanta-based company said it had profit of $1.29 per share. Losses, adjusted for non-recurring gains, were 14 cents per share. The real...
Chimera: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Chimera Investment Corp. (CIM) on Wednesday reported profit of $136.5 million in its third quarter. On a per-share basis, the New York-based company said it had profit of $1.39. Earnings, adjusted for investment gains, came to 36 cents per share. ...
Invesco Mortgage Capital: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Invesco Mortgage Capital Inc. (IVR) on Tuesday reported profit of $40.7 million in its third quarter. The Atlanta-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, came to 68 cents per share. ...
AG Mortgage Investment Trust: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — AG Mortgage Investment Trust Inc. (MITT) on Tuesday reported net income of $16.6 million in its third quarter. The New York-based company said it had net income of 40 cents per share. Earnings, adjusted for non-recurring gains, came to 17 cents per...
Farmer Mac: Q3 Earnings Snapshot
WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Monday reported third-quarter earnings of $49.8 million. On a per-share basis, the Washington-based company said it had net income of $3.86. Earnings, adjusted for non-recurring costs, came to $4.10...
