Mortgage Industry News
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Commercial/Multifamily Mortgage Debt Up 1.1% During Q3 2025
Commercial banks held the largest share (37%) of commercial/multifamily mortgages at $1.8 trillion. Continue Reading Commercial/Multifamily Mortgage Debt Up 1.1% During Q3 2025
White House Dropping Plans for 50-Year Mortgage
“I think we have other priorities,” said FHFA Director Bill Pulte. Continue Reading White House Dropping Plans for 50-Year Mortgage
Trump Announces His ‘Representatives’ Will Buy $200 Billion in Mortgage Bonds
“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” he posted on Truth Social. Continue Reading Trump Announces His ‘Representatives’ Will Buy $200 Billion in Mortgage Bonds
Mortgage Application Activity Up by 7%
The adjustable-rate mortgage share of activity increased to 6.3% of total applications. Continue Reading Mortgage Application Activity Up by 7%
NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion
Early delinquency transition rates for mortgages increased by 0.1 percentage point. Continue Reading NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion
Mortgage Rates Drop to 6-Month Low
The 30-year fixed-rate mortgage averaged 6.73% as of Aug. 1. Continue Reading Mortgage Rates Drop to 6-Month Low
Mortgage Application Activity Slows Down
Among the federal programs, the FHA share of total applications increased to 14.2% from 13.4% the week prior. Continue Reading Mortgage Application Activity Slows Down
Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. Continue Reading Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
MBA: Homebuyer Affordability Conditions Improve
The national median mortgage payment for conventional loan applicants in June was $2,180. Continue Reading MBA: Homebuyer Affordability Conditions Improve
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
Mortgage Application Activity Drops While Forbearance Levels Inch Up
The number of loans in forbearance increased in June for the first time since October 2022. Continue Reading Mortgage Application Activity Drops While Forbearance Levels Inch Up
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.77% as of July 18. Continue Reading Mortgage Rates Drop Again
HUD Proposes New Rule for Governing FHA Mortgage Note Sales
HUD is requesting public comment on its proposal by Sept. 16. Continue Reading HUD Proposes New Rule for Governing FHA Mortgage Note Sales
