HSH in the news - 2021

January 20, 2021: "UWM poised for growth, Ishbia to become a billionaire as lender goes public", a Detroit News article covering happenings in the IPO market by Breana Noble included some quotes from Keith Gumbinger, HSH.com's vice president:

"Most lenders have or are posting record levels of volume over the last year, so many companies are highly profitable," said Keith Gumbinger, vice president of mortgage-resource website HSH.com in an email. "That can make them attractive to investors, increasing the chances of a successful conversion from private to public."

January 15, 2021: "The Best Year Ever to Buy", a Real Estate Today Radio interview of HSH.com VP Keith Gumbinger by Stephen Gasque covered a range of mortgage market related topics.

(Listen Now, Show 623 at the 30:00 mark).

January 14, 2021: Get Ready for Higher Mortgage Rates. Here’s Why", a Barron's market update by Shaina Mishkin included some observations by Keith Gumbinger, HSH.com's vice president:

While increasing Treasury yields place more pressure on mortgage rates, it is not guaranteed that the two will move in lockstep, wrote Keith Gumbinger, vice president at mortgage website HSH.com, in an email to Barron’s. "Mortgage lenders are flush with profits and so may absorb some of the increase for a time in order to keep business flowing in." The Federal Reserve’s purchases of mortgage-backed securities, which help maintain liquidity in the market in times of crisis, also play a part, he said.

January 14, 2021: U.S. Mortgage Rates Surge to Highest Level in Two Months, a Bloomberg.com look at changing mortgage market conditions by Donald Moore and Alex Wittenberg featured some analysis from HSH.com's vice president Keith Gumbinger:

Keith Gumbinger, vice president at mortgage-information company HSH.com, agreed that housing demand won’t take much of a hit from the latest rise in rates. He said the jump to 2.79% from a record-low 2.65% last week would translate to less than $15 a month more on a $200,000 loan.
The question now is if rates will continue to climb. As vaccines roll out there’s optimism about an economic recovery if social-distancing guidelines ease. That could keep rates from dipping to new record lows.
"It’s worth keeping in mind that the worst economic conditions bring the lowest mortgage rates," Gumbinger said. "Mortgage rates are more likely to be a little firmer over time, or at least have fewer reasons to continually revisit record-low levels."

January 7, 2021: U.S. Mortgage Rates Hit New Record Low With 30-Year at 2.65%, a Bloomberg.com market bulletin by Donald Moore and Prashant Gopal included some commentary from HSH.com vice president Keith Gumbinger:

Low borrowing costs -- down more than a percentage point from a year earlier -- have fueled a pandemic housing boom that has pushed the country toward an affordability crisis as home prices rise swiftly and listings grow ever more scarce. Mortgage rates are poised to rise modestly this year, said Sam Khater, Freddie Mac’s chief economist, potentially threatening the rally.
Home prices "have been on an unsustainable rise -- that’s not something you can repeat year after year because income’s not rising that quickly," Keith Gumbinger, vice president at mortgage-information company HSH.com, said in an interview.
For now, low rates are helping to offset higher prices, "but if rates have stopped falling, you’ve lost that offset, and that begins to crimp affordability," he said.

Back to HSH.com in the News — 2020

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