Rocket Mortgage, a division of Detroit-headquartered Rocket Companies (NYSE: RKT), has rolled out Rocket Logic, a patented artificial intelligence (AI) driven technology platform designed to close loans faster. According to the company, the platform combines insights...
The latest data analysis of the Home Purchase Sentiment Index (HPSI) published by Fannie Mae (OTCMKTS:FNMA) suggests households have become acclimated to higher mortgage rates. The HPSI decreased 0.9 points in March to 71.9, its first decline since November 2023, with...
The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) found rates stuck near the 7% level. The 30-year fixed-rate mortgage averaged 6.82% as of April 4, up from last week when it averaged 6.79%. A year ago at this time, it averaged 6.28%....
In an extraordinary blurring of the lines separating an independent and objective financial service media and the industry it covers, a startup news site owned and operated by a hedge fund has partnered with a law firm to put forth a proposed consumer class action...
Mortgage applications were down slightly in the latest data from the Mortgage Bankers Association (MBA) covering the week ending March 29. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 0.6% on a seasonally adjusted...
The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) showed rates in a slight decline from one week earlier. The 30-year fixed-rate mortgage averaged 6.79% as of March 28, down from last week when it averaged 6.87%. A year ago at this time,...
Hits and Misses for the Real Estate Week of March 23-27
