Mortgage Industry News
Mortgage Rates Take a Mild Drop
The 30-year fixed-rate mortgage averaged 6.09% as of Feb. 12, down from last week when it averaged 6.11%. Continue Reading Mortgage Rates Take a Mild Drop
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
Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.26% as of Nov. 20. Continue Reading Mortgage Rates Inch Up Slightly
Q3 Mortgage Originations Down Slightly
Mortgage activity increased quarterly in 98 of the 209 metropolitan areas analyzed by ATTOM. Continue Reading Q3 Mortgage Originations Down Slightly
Mortgage Application Activity is Down Again
“Elevated mortgage rates continued to weigh down on homebuying,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity is Down Again
Mortgage Rates Drop Slightly
The 30-year fixed-rate mortgage averaged 6.79%, down from last week when it averaged 6.87%. Continue Reading Mortgage Rates Drop Slightly
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing
The groups said a confirmation “will sustain the current flow of mortgage capital to home buyers without change or delay.” Continue Reading NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing
Mortgage Application Activity Slows to a Crawl
The refinance share of mortgage activity decreased to 30.8%. Continue Reading Mortgage Application Activity Slows to a Crawl
Citizens Trust Bank Unveils Down Payment Assistance Grant Program
Eligible borrowers can receive a maximum of $2,000 grant contribution at the residential mortgage loan closing. Continue Reading Citizens Trust Bank Unveils Down Payment Assistance Grant Program
Mortgage Rates Rise Again, Nearing the 7% Mark
Last week, the mortgage rate averaged 6.74%; one year ago at this time, it was at 6.42%. Continue Reading Mortgage Rates Rise Again, Nearing the 7% Mark
The State with the Greatest Increase in Mortgage Debt Is…
“Even small increases in home prices can lead to thousands of dollars in extra mortgage interest costs,” said John Kiernan, WalletHub editor. Continue Reading The State with the Greatest Increase in Mortgage Debt Is…
Mortgage Applications Down by 1.6%
Both the seasonally adjusted and unadjusted Purchase Index were 1% lower from one week earlier. Continue Reading Mortgage Applications Down by 1.6%
FHA Raises Loan Limits for Manufactured Homes
The FHA said it will recalculate the program’s loan limits on an annual basis to keep pace with changing home prices. Continue Reading FHA Raises Loan Limits for Manufactured Homes
IMBs Recorded Net Production Losses in Q4 2023
“The fourth quarter of 2023 was about as challenging as it could get for mortgage lenders to generate a production profit,” said MBA’s Marina Walsh. Continue Reading IMBs Recorded Net Production Losses in Q4 2023
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