The average U.S. 30-year fixed mortgage rate climbed to 7.40% this week, its highest reading since November 2023, extending a seven-week rise that has sharply increased borrowing costs for homebuyers and narrowed refinancing opportunities for homeowners. Freddie Mac...
Freddie Mac has named buyers for four pools of deeply delinquent home mortgages with approximately $428 million in unpaid principal, advancing a loan sale it began marketing in September. The auction covers 1,968 first-lien loans. The transaction is expected to settle...
Mortgages of $100,000 or less now account for fewer than 3% of U.S. home-loan originations, down from more than 12% in 2013 and 2014, according to new Realtor.com research. The decline has outpaced the disappearance of lower-priced homes, suggesting that financing...
Mortgage Connect has acquired a majority interest in digital mortgage technology company Stavvy and plans to combine the business with its Simply Secure Sign eClosing platform, bringing electronic closing and digital collateral functions under the same corporate...
Federal Reserve Governor Christopher Waller said Thursday he expects additional interest-rate increases if the economy continues to develop as anticipated, but argued the central bank can space those moves rather than raise rates at consecutive meetings. His remarks...
Fed Decision, New-Home Sales and D.R. Horton Results Put Housing in Focus T…
