Mortgage Industry News
Decline in Mortgage Applications Blamed on Snowstorms
“The annual increase in purchase applications was the weakest since April 2025,” said MBA’s Joel Kan. Continue Reading Decline in Mortgage Applications Blamed on Snowstorms
Mortgage Rates Inch Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.10% as of Jan. 29, up from last week when it averaged 6.09%. Continue Reading Mortgage Rates Inch Up for Second Straight Week
FHA Releases MMI Fund Report for FY 2025
The report stated the MMI Fund’s economic net worth rose by roughly $16 billion in FY 2025, reaching a new total of $188.87 billion. Continue Reading FHA Releases MMI Fund Report for FY 2025
Mortgage Rates Drop to Lowest Level of 2025
The 30-year fixed-rate mortgage averaged 6.15% as of Dec. 31. Continue Reading Mortgage Rates Drop to Lowest Level of 2025
reAlpha Mortgage Launches Loan Officer Recruitment Program
“This program was built around what experienced originators consistently ask for: clarity, support, and fewer operational obstacles,” said CEO Jamie Cavanaugh. Continue Reading reAlpha Mortgage Launches Loan Officer Recruitment Program
Mortgage Rates Decline for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.67% as of July 3. Continue Reading Mortgage Rates Decline for Fifth Straight Week
Fairway Independent Mortgage Changes Its Name
The newly named Fairway Home Mortgage will highlight the tagline “All Roads Lead Home.” Continue Reading Fairway Independent Mortgage Changes Its Name
Refinancing Fuels Upswing in Mortgage Application Activity
The Refinance Index increased 7% from the previous week and was 40% higher than the same week one year ago. Continue Reading Refinancing Fuels Upswing in Mortgage Application Activity
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.77% as of June 26. Continue Reading Mortgage Rates Decline Again
Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
No deadline was set, but Pulte asked that the directive “should be implemented as soon as reasonably practical.” Continue Reading FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
Refinancing Fuels Mild Uptick in Mortgage Application Activity
“The average loan size for purchase applications declined to $436,300, the lowest level since January 2025,” said MBA’s Joel Kan. Continue Reading Refinancing Fuels Mild Uptick in Mortgage Application Activity
Rocket Mortgage to Offer Bridge Loans for Homeowners
“With this new flexibility, buyers can quickly and confidently secure their next home,” said Rocket’s Bill Banfield. Continue Reading Rocket Mortgage to Offer Bridge Loans for Homeowners
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
