Toronto-headquartered Bloom Finance Company Ltd. has rolled out SafeRate, which is being promoted as Canada’s first reverse mortgage with a lifetime fixed interest rate. According to the company, the new product is designed to protect seniors by eliminating...
A Phil Hall Op-Ed: Over the weekend, President Trump posted a meme on Truth Social with the headline “Great American Presidents” that showed Franklin D. Roosevelt linked to “30-Year Mortgage” while Trump was next to him linked to “50-Year Mortgage.” Almost immediately...
President Trump made a surprise announcement on Saturday via a Truth Social posting where he floated the idea of a 50-year mortgage. In his post, Trump compared his advocacy for a 50-year mortgage to President Franklin D. Roosevelt’s advocacy of a 30-year mortgage...
Mortgage credit availability was more abundant in October, according to the Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). “Credit availability in October rose to its highest level since 2022 as investors broadened their...
Mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of Nov. 6, up from last week when it averaged 6.17%. A year ago at this time, it averaged 6.79%. The...
Commercial and multifamily mortgage loan originations during the third quarter were up by 18% from the previous quarter and up 36% year-over-year, according to data from the Mortgage Bankers Association (MBA). Originations for office, retail, hotel, and multifamily...
