Mortgage rates barely inched up in this week’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of March 13, up slightly from last week when it averaged 6.63%. A year ago at this time, it averaged...
Bellevue, Washington-based Evergreen Home Loans has expanded its operations into New Mexico. The company is opening new branches in Albuquerque and Carlsbad, under the leadership of Area Manager Barry Abt. Evergreen Home Loans operates in seven western states –...
Mortgage applications were on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending March 7. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11.2% on a seasonally adjusted basis...
A total of 32,383 residential properties carried foreclosure filings in February, up 5% from January but 1.7% lower than the level recorded in February 2024. According to data from ATTOM, one in every 4,395 housing units had a foreclosure filing in February. States...
Mortgage credit availability increased in February, according to data from the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) inched up by 1.4% last month to 100.4; the index was benchmarked to 100 in March 2012. The...
Tomo Mortgage, a Stamford, Connecticut-based digital lender, has closed its $20 million Series B financing round, bringing its total investment to date to $130 million. According to the company, new investor Progressive Insurance was joined by existing investors...
