Mortgage rates inched up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.12% as of Oct. 3, up from last week when it averaged 6.08%. A year ago at this time, it averaged 7.49%. The 15-year...
A quartet of new regionally focused programs for current and prospective homeowners have been announced this week. Westerly, Rhode Island-based Washington Trust has expanded its RI Community Lending Program with the addition of I Luv RI Home Improvement Loans as home...
Mortgage application volume was down for the week ending Sept. 27, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.3% on a seasonally adjusted basis from...
Rocket Mortgage, a part of Detroit-headquartered Rocket Companies (NYSE: RKT), and Annaly Capital Management Inc. (NYSE: NLY), the world’s largest residential mortgage real estate investment trust, have entered into a subservicing agreement where Rocket will handle...
The luxury real estate firm The Agency has teamed with the mortgage service provider Barrett Financial Group to create a new mortgage brokerage called Aclara Lending. The new entity will focus on residential purchase lending by offering a range of mortgage products –...
The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae are co-hosting a summit focusing on the impact of mortgage market liquidity on Americans’ access to affordable homeownership. The Mortgage Market Resilience and Access to Credit Summit...
