The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 11, its lowest level since last October. According to the Primary Mortgage Market Survey (PMMS) published by Freddie Mac (OTCQB: FMCC), this week’s mortgage rate is down from last week when it averaged 6.50%....
The rate of mortgage credit availability recorded a mild uptick in August according to new data from the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). Last month, the MCAI rose by 0.1% to 104.0 in August; the index was benchmarked to...
Mortgage application activity surged during the week ending Sept. 5, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 9.2% on a seasonally adjusted basis from...
For far too long, housing has been reduced to a prop in America’s political theater. It’s the backdrop for campaign rallies, the bullet point slipped into glossy mailers, the soundbite dropped to score applause. But behind every hollow promise, real families are...
A new report is accusing the Trump administration of not practicing what it preaches regarding political figures with multiple mortgages that each claim to be for a primary residence. An investigative article published by ProPublica has found Labor Secretary Lori...
A total of $288.7 billion in new mortgages for multifamily properties with five or more units was originated in 2024, according to data from the Mortgage Bankers Association (MBA). This represented a 17% year-over-year increase. While the MBA tracked 2,463 different...
