Mortgage Industry News
Mortgage Rates Creep Up Slightly
The 30-year fixed-rate mortgage averaged 6.49% as of July 9. Continue Reading Mortgage Rates Creep Up Slightly
Mortgage Application Activity Slows Down Again
The FHA share of total applications decreased to 16.4% from 16.9% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Multifamily mortgage debt alone increased $23 billion (1.0%) to $2.32 trillion. Continue Reading Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Mortgage Rates Trend Lower
The 30-year fixed-rate mortgage averaged 6.47% as of June 18, down from last week when it averaged 6.52%. Continue Reading Mortgage Rates Trend Lower
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications has a slight uptick to 17.5% from 17.4% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
30-Year Fixed-Rate Mortgage Floats Up to 6.00%
A year ago at this time, it averaged 6.63%. Continue Reading 30-Year Fixed-Rate Mortgage Floats Up to 6.00%
Mortgage Application Activity Surges by 11%
The FHA share of total applications decreased to 15.8% from 16.1% the week prior. Continue Reading Mortgage Application Activity Surges by 11%
FHFA’s Pulte: Trump ‘Single-Handedly Lowered Mortgage Rates’
“He’s the best,” the FHFA director cheered. Continue Reading FHFA’s Pulte: Trump ‘Single-Handedly Lowered Mortgage Rates’
Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
After leaving the Trump administration, Montgomery became founding partner and chairman of Gate House Strategies. Continue Reading Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
Rocket Companies and Compass Announce 3-Year Strategic Alliance
“When barriers are removed and supply grows, affordability improves,” said Varun Krishna, CEO of Rocket Companies. Continue Reading Rocket Companies and Compass Announce 3-Year Strategic Alliance
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Willamette Valley Bank is a state-chartered community bank founded in 2000. Continue Reading Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
Mortgage Application Activity Remains Flat
The FHA share of total applications decreased to 16.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Remains Flat
New FICO Mortgage Simulator Previews Potential Impact of Different Credit Actions
The new tool simulates how different credit actions could impact several of the FICO Score versions used in mortgage lending. Continue Reading New FICO Mortgage Simulator Previews Potential Impact of Different Credit Actions
Lawsuit Accuses Veterans United Home Loans of False Representation and Steering
“We deny the accusations and look forward to disputing this through the legal process,” said a spokesperson for the company. Continue Reading Lawsuit Accuses Veterans United Home Loans of False Representation and Steering
