Mortgage Industry News
Mortgage Credit Availability Improved During July
“Credit availability in June increased to its highest level since July 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved During July
Mortgage Holder Equity at Record-High $18 Trillion
Approximately 813,000 borrowers are underwater — up 44% year-over-year. Continue Reading Mortgage Holder Equity at Record-High $18 Trillion
Union Home Mortgage Acquires Origination Assets of AmeriTrust Mortgage Corp.
The financial terms of the deal were not disclosed. Continue Reading Union Home Mortgage Acquires Origination Assets of AmeriTrust Mortgage Corp.
Mortgage Rates Ratchet Higher
The 30-year fixed-rate mortgage averaged 6.55% as of July 16. Continue Reading Mortgage Rates Ratchet Higher
New Home Mortgage Applications Up 2.4% From One Year Ago
The average loan size for new homes increased from $372,825 in May to $375,218 in June. Continue Reading New Home Mortgage Applications Up 2.4% From One Year Ago
30-Year Fixed-Rate Mortgage Sinks to 6.01%
A year ago at this time, it averaged 6.85%. Continue Reading 30-Year Fixed-Rate Mortgage Sinks to 6.01%
Mortgage Applications on New Home Purchases Up During January
Mortgage applications for new home purchases during January were up by 19% from the prior month and up by 2% from one year earlier, according to data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally...
Mortgage Application Activity Up by Nearly 3%
The VA share of total applications increased to 16.5% from 16.0% percent the week prior. Continue Reading Mortgage Application Activity Up by Nearly 3%
Vermont Credit Union Debuts Islamic Home Financing Program
NorthCountry Federal Credit Union serves 75,000 accountholders primarily throughout Vermont, New York and New Hampshire. Continue Reading Vermont Credit Union Debuts Islamic Home Financing Program
Rick Seehausen Named President of Lenders One
Seehausen replaces Justin Demola, who left Lenders One last month to join Equifax as senior vice president of mortgage and housing, Continue Reading Rick Seehausen Named President of Lenders One
Mortgage Delinquencies Up During Q4 2025
The five states with the largest quarterly increases in their overall delinquency rate were: Mississippi (109 basis points), Louisiana (89 basis points), Maryland (87 basis points), Oklahoma (86 basis points), and Indiana (86 basis points). Continue Reading Mortgage Delinquencies Up During Q4 2025
Mortgage Rates Take a Mild Drop
The 30-year fixed-rate mortgage averaged 6.09% as of Feb. 12, down from last week when it averaged 6.11%. Continue Reading Mortgage Rates Take a Mild Drop
Refinancing Fueled Q4 2025 Home Lending Activity
Purchase loans made up 39.9% of all loans issued in the final quarter of the year, down from 43.9% in the third quarter. Continue Reading Refinancing Fueled Q4 2025 Home Lending Activity
Mortgage Application Activity Remains Flat as Credit Availability Increases
The FHA share of total applications increased to 18.4% from 17.8% the week prior. Continue Reading Mortgage Application Activity Remains Flat as Credit Availability Increases
Mortgage Rates Inch Up for Third Straight Week
The 30-year fixed-rate mortgage averaged 6.11% as of Feb. 5. Continue Reading Mortgage Rates Inch Up for Third Straight Week
