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Mortgage Rates Trickle Lower

Mortgage Rates Trickle Lower

by Phil Hall | Jun 18, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to inch down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of June 18, down from last week when it averaged 6.84%. A year ago at this time, it averaged...
Gen Z Accounts for 12% of VA Purchase Loan Market

Gen Z Accounts for 12% of VA Purchase Loan Market

by Phil Hall | Jun 18, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Gen Z homebuyers accounted for a record-high 12% share of the VA purchase loan market during the first half of fiscal year 2025, triple their share from just three years ago. According to an analysis of Department of Veterans Affairs data published by Veterans United...
Mortgage Application Activity Down by 2.6%

Mortgage Application Activity Down by 2.6%

by Phil Hall | Jun 18, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer borrowers were seeking out mortgages for the week ending June 13, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.6% on a seasonally adjusted basis from...
Mortgage Applications for New Home Purchases Down in May

Mortgage Applications for New Home Purchases Down in May

by Phil Hall | Jun 17, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in May was down by 4.5% compared to one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month basis, applications decreased by 9%. MBA estimated that new single-family home sales...
Premier Mortgage Resources Debuts Specialty Products Division

Premier Mortgage Resources Debuts Specialty Products Division

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Premier Mortgage Resources LLC (PMR), a Meridian, Idaho-headquartered nationwide mortgage lender, has launched Specialty Products Division to support borrowers with customized products that go beyond conventional mortgages. The new division is designed to support real...
Virginia Homebuilders Partner on New Mortgage Lending Joint Venture

Virginia Homebuilders Partner on New Mortgage Lending Joint Venture

by Phil Hall | Jun 16, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Virginia-based homebuilders Stateson Homes and Atlantic Builders announced the debut of M2B Mortgage, a new joint venture formed in partnership with OneTrust Home Loans. According to the companies, M2B Mortgage was created to “provide a more personalized,...
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