Homix Newsroom
Developments across New York City, Long Island, New Jersey, and the surrounding market that materially affect buyers, sellers, renters, and owners.
Fay Group has acquired VanDyk Mortgage Corp., adding agency-lending capabilities, a servicing team and mortgage servicing rights capacity. The companies did not disclose transaction terms.
HousingWire reported that mortgage rates rose to a yearly high of 6.87% on Monday. The outlet identified developments in the Iran conflict, trade-policy risk and a slate of labor reports as factors that could affect whether rates move above 7%.
HousingWire reports that relatively contained mortgage spreads have kept mortgage rates below 7%, even as Iran conflict-related inflation risk remains the article’s primary driver of elevated longer-term yields. The latest weekly data showed modest inventory growth and softer purchase demand year over year.
