Mortgage Industry News
Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
K-DATE provides a non-amortizing loan that is deferred for up to 30 years and becomes due and payable when the home is sold, refinanced or the first mortgage is paid in full. Continue Reading Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
Mortgage Rates Take Another Upturn
The 30-year fixed-rate mortgage averaged 6.30% as of April 30, up from last week when it averaged 6.23%. Continue Reading Mortgage Rates Take Another Upturn
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
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
Motto Mortgage Opens First New Hampshire Office
The new office was established by David Duplessis, who brings 35 years of industry experience. Continue Reading Motto Mortgage Opens First New Hampshire Office
Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
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