Mortgage rates are continuing to drop, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23, down from last week when it averaged 6.27%. A year ago at this time, it...
Mortgage application activity slowed for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA) measuring the week ending Oct. 17. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.3% on...
Single-family mortgage origination volume is expected to increase from $2 trillion in 2025 to $2.2 trillion in 2026, according to a new forecast from the Mortgage Bankers Association (MBA). The trade group is also predicting purchase originations will increase 7.7% to...
The Mortgage Bankers Association (MBA) has sworn in Christine Chandler as its 2026 chairperson during its annual convention in Las Vegas. Chandler is the executive vice president and chief operating officer at M&T Realty Capital Corporation. She is a voting member...
Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16, down from last week when it averaged 6.30%. A year ago at this...
Mortgage applications for new home purchases increased 2% in September compared to one year earlier, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications declined by 5%. The MBA estimated new single-family home...
