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Mortgage Rates Drop for Fourth Straight Week

Mortgage Rates Drop for Fourth Straight Week

by Phil Hall | Oct 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their downward slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30, down from last week when it averaged 6.19%. A year ago at this time, it FRM...
Median Monthly Housing Payment in Biggest Decline Since Last November

Median Monthly Housing Payment in Biggest Decline Since Last November

by Phil Hall | Oct 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median monthly housing payment was $2,530 during the four weeks ending Oct. 26, according to data from Redfin. That represents a 1.4% year-over-year drop and the biggest decline since November 2024. Redfin attributed the lower payment level to declining mortgage...
Mortgage Application Activity Rebounds After 4 Weeks in Decline

Mortgage Application Activity Rebounds After 4 Weeks in Decline

by Phil Hall | Oct 29, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After four consecutive weeks of declining momentum, mortgage application activity perked up for the week ending Oct. 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
Report: Prosecutor Warns Mortgage Fraud Case Against Sen. Schiff Lacks Viable Evidence

Report: Prosecutor Warns Mortgage Fraud Case Against Sen. Schiff Lacks Viable Evidence

by Phil Hall | Oct 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

A news report is claiming the Trump administration’s attempt to bring a mortgage fraud indictment against one of its most vocal critics, Sen. Adam Schiff (D-CA), has stalled due to a perceived lack of viable evidence needed to bring the case to trial. MSNBC, sourcing...
Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor

Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor

by Phil Hall | Oct 24, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is seeking to have her mortgage fraud indictment dismissed, citing the legality of newly appointed Lindsey Halligan as the prosecutor for the case. CNN reports James’ legal time submitted a two-page court filing that “challenges...
Mortgage Rates Are Falling Again

Mortgage Rates Are Falling Again

by Phil Hall | Oct 23, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

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...
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