Mortgage Industry News
New Home Purchase Mortgage Applications Down in July
The average loan size for new homes decreased from $375,218 in June to $374,438 in July. Continue Reading New Home Purchase Mortgage Applications Down in July
Mortgage Application Activity Holds Steady
The refinance share of mortgage activity increased to 41.9% of total applications from 40.7% in the previous week. Continue Reading Mortgage Application Activity Holds Steady
Q2 Commercial/Multifamily Borrowing Up 16%
The sole sector where originations declined was healthcare properties, which recorded a 19% year-over-year drop. Continue Reading Q2 Commercial/Multifamily Borrowing Up 16%
Mortgage Rates Rise for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.69% as of Aug. 6, up from last week when it averaged 6.66%. Continue Reading Mortgage Rates Rise for Fifth Straight Week
Mortgage Application Fraud Risk Trended Higher in Q2
Cotality highlighted an increase in alerts related to borrowers purchasing a property in a state they have never lived in. Continue Reading Mortgage Application Fraud Risk Trended Higher in Q2
Mortgage Rates Take Another Upturn
The 30-year fixed-rate mortgage averaged 6.30% as of April 30, up from last week when it averaged 6.23%. Continue Reading Mortgage Rates Take Another Upturn
Report: Homebuyer Affordability Declined in March
The national median mortgage payment for conventional loan applicants was $2,145. Continue Reading Report: Homebuyer Affordability Declined in March
Mortgage Application Activity Dips by 1.6%
The FHA share of total applications decreased to 17.2% from 18.2%. Continue Reading Mortgage Application Activity Dips by 1.6%
Commercial Real Estate Borrowing and Lending Up by 40% in 2025
Among different property types, multifamily properties saw the highest volume last year. Continue Reading Commercial Real Estate Borrowing and Lending Up by 40% in 2025
Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
The foreclosure inventory rose to 273,000 in March, up from 213,000 a year ago, marking the largest such volume since February 2020. Continue Reading Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
Mortgage Rates Down for Third Straight Week
Sam Khater, Freddie Mac’s chief economist, observed, “Rates currently stand at their lowest level in the last three spring homebuying seasons.” Continue Reading Mortgage Rates Down for Third Straight Week
Mortgage Application Activity Up 8%
The FHA share of total applications remained unchanged at 18.2% from the week prior. Continue Reading Mortgage Application Activity Up 8%
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
Invesco Mortgage Capital Promotes Kevin Collins to CEO
Collins will succeed John Anzalone, who is retiring on April 30 after a nine-year tenure as CEO. Continue Reading Invesco Mortgage Capital Promotes Kevin Collins to CEO
Mortgage Rates Decline for Second Straight Week
“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Decline for Second Straight Week
