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BMO Unveils Spanish-Language Mortgage Application

BMO Unveils Spanish-Language Mortgage Application

by Phil Hall | Jul 10, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

BMO (NYSE: BMO) is seeking to expand homeownership access to Hispanics with its first Spanish-language mortgage application. Available both digitally and in a paper format available at branches, the application offers what the bank described as “culturally and...
Mortgage Application Activity Up 9.4%

Mortgage Application Activity Up 9.4%

by Phil Hall | Jul 9, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity shot up like a firework during the week ending July 4, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 9.4% on a seasonally...
Mortgage Rates Decline for Fifth Straight Week

Mortgage Rates Decline for Fifth Straight Week

by Phil Hall | Jul 3, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While fireworks will be soaring over the Fourth of July, mortgage rates are going into the holiday weekend in a continued decline. According to the Primary Mortgage Market survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as...
Fairway Independent Mortgage Changes Its Name

Fairway Independent Mortgage Changes Its Name

by Phil Hall | Jul 2, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Fairway Independent Mortgage Corporation announced it is changing its name to Fairway Home Mortgage. The newly named Fairway Home Mortgage will highlight the tagline “All Roads Lead Home,” and will be rolling out a series of initiatives such as the website home.com....
Refinancing Fuels Upswing in Mortgage Application Activity

Refinancing Fuels Upswing in Mortgage Application Activity

by Phil Hall | Jul 2, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity revved up for the week ending June 27 thanks to an increased level of refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
Mortgage Rates Decline Again

Mortgage Rates Decline Again

by Phil Hall | Jun 26, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of June 26, down from last week when it averaged 6.81%. A year ago at this time, it averaged...
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