Mortgage Industry News
Mortgage Rates Down for Third Straight Week
Sam Khater, Freddie Mac’s chief economist, observed, “Rates currently stand at their lowest level in the last three spring homebuying seasons.” Continue Reading Mortgage Rates Down for Third Straight Week
Mortgage Application Activity Up 8%
The FHA share of total applications remained unchanged at 18.2% from the week prior. Continue Reading Mortgage Application Activity Up 8%
National Mortgage Delinquency Rate Dropped to 3.68%
Late-stage delinquencies (90+ day) increased by 30,000 to reach the highest level in nearly three years. Continue Reading National Mortgage Delinquency Rate Dropped to 3.68%
Report: FHFA’s Pulte Quietly Changed GSE Portfolio Limits to Aid Trump’s $200 Billion Mortgage Bond Purchase
“This is just a smoke screen for Trump and Bill Pulte to tweet about,” said Sen. Elizabeth Warren. Continue Reading Report: FHFA’s Pulte Quietly Changed GSE Portfolio Limits to Aid Trump’s $200 Billion Mortgage Bond Purchase
Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
Ginnie Mae added that its financing benefited approximately 1.4 million households, out of which an estimated 43.9% were first-time homeowners. Continue Reading Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Editor Phil Hall opines on Larry Summers’ warning on how Trump will impact the mortgage rates. Continue Reading A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Mortgage Credit Availability Inches Up
“The overall supply of mortgage credit is still close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inches Up
Mortgage Rates Slide to Just Under 7%
The 30-year fixed-rate mortgage averaged 6.99% as of June 6. Continue Reading Mortgage Rates Slide to Just Under 7%
Q1 Mortgage Lending at Lowest Level Since 2000
Lenders issued $405.6 billion worth of residential mortgages in the first quarter. Continue Reading Q1 Mortgage Lending at Lowest Level Since 2000
Mortgage Application Activity Continues to Drag
The Market Composite Index was down by 5.2% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity Continues to Drag
GO Mortgage and PacRes Mortgage Announce Merger
GO Mortgage CEO Michael Isaacs will become the chief executive of the combined company. Continue Reading GO Mortgage and PacRes Mortgage Announce Merger
Most Homebuyers Are Not Shopping Around for a Mortgage
Baby boomers were the least likely to comparison shop (28%) while millennials were most likely. Continue Reading Most Homebuyers Are Not Shopping Around for a Mortgage
One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Most Canadians believe lower interest rates will make it more affordable for covering mortgage costs. Continue Reading One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Mortgage Application Payments Increased 2.5%
The national median mortgage payment for conventional loan applicants was $2,271. Continue Reading Mortgage Application Payments Increased 2.5%
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
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