Mortgage rates declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. A year ago at this time, it averaged 6.67%. The...
Mike Kortas, founder and CEO of the mortgage lender NEXA, has announced the launch of evoLend, a mortgage servicing company. The new company is being promoted with the pledge “to put loan officers back in control of the borrower relationship after closing.” Unlike...
Mortgage application activity inched up slightly for the week ending June 26, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, recorded a very mild 0.04% uptick on a...
Purchase loan closing costs declined nationwide by an average of 2.9% from 2024 to 2025, according to a new data report released by LodeStar Software Solutions. The decline was attributed to a drop in home prices, which reduced transfer tax burdens across many...
The national mortgage delinquency rate rose 15 basis points to 3.50% in May, according to data from Intercontinental Exchange Inc. (NYSE: ICE). However, that uptick was attributed to a calendar anomaly. Andy Walden, head of mortgage and housing market research at ICE,...
Mortgage rates recorded a scant upward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. A year ago at this time, it...
