Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), has unveiled RocketRentRewards, a new program designed to provide closing cost credits for renters. According to the company, homebuyers with a Rocket mortgage earn 10% back on the last 12...
Mortgage rates continued to tumble in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13, down from last week when it averaged 6.89%. A year ago at this time, it averaged...
PennyMac Financial Services Inc. (NYSE: PFSI) has debuted “Bring It Home,” a new video series where PennyMac home loan experts offer insights on the homeownership journey. According to the company, the new video series will be hosted on PennyMac’s website and YouTube...
More people were filling out mortgage applications during the week ending Feb. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted...
Commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion this year, according to an updated forecast from the Mortgage Bankers Association (MBA). This represents a 16% increase from 2024’s estimated total of $503 billion....
A total of 30,816 residential properties carried foreclosure filings in January, according to new data from ATTOM. This is up 8% from December and down 7% from January 2024. Nationwide, one in every 4,618 housing units had a foreclosure filing last month. The states...
