Mortgage Industry News
30-Year Fixed-Rate Mortgage Surges to 6.22%
A year ago at this time, it averaged 6.67%. Continue Reading 30-Year Fixed-Rate Mortgage Surges to 6.22%
February New Home Purchase Mortgage Applications Up by 0.9%
Conventional loans composed 49.4 % of loan applications and FHA loans composed 35.3%. Continue Reading February New Home Purchase Mortgage Applications Up by 0.9%
Former Mayor of NJ Town Convicted in Mortgage Fraud Case
Sentencing is scheduled for June 1. Continue Reading Former Mayor of NJ Town Convicted in Mortgage Fraud Case
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
Mortgage Application Activity Drops as Home Prices Rise
The first quarter home prices were up on a year-over-year basis in 49 states and the District of Columbia; Hawaii was the lone state with a price decline. Continue Reading Mortgage Application Activity Drops as Home Prices Rise
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Mortgage Application Activity Slows Down
The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Single-Family Housing Starts Down 2.1%
Single-family housing completions in April were at a rate of 943,000, down 8% from the revised March rate of 1.02 million. Continue Reading Single-Family Housing Starts Down 2.1%
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising
Beeline Introduces Realtor and Content Creator Partner Program
The new initiative is designed to accelerate origination growth in Debt Service Coverage Ratio (DSCR) mortgages. Continue Reading Beeline Introduces Realtor and Content Creator Partner Program
Mortgage Credit Availability Holds Steady
“Overall levels of credit supply remain tight but have generally grown since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Holds Steady
Mortgage Fraud Criminal Probe Opened Against NY AG Letitia James
James called the allegations “baseless” and claimed it was part of President Trump’s “revenge tour.” Continue Reading Mortgage Fraud Criminal Probe Opened Against NY AG Letitia James
Second Home Mortgage Origination at 7-Year Low
Demand for vacation homes is falling fastest in Florida. Continue Reading Second Home Mortgage Origination at 7-Year Low
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