Mortgage Industry News
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
New Report Finds National Average for Mortgage Closing Costs Down by 3%
The greatest single-market shift during this period occurred in the District of Columbia, where closing costs dropped 21.1%. Continue Reading New Report Finds National Average for Mortgage Closing Costs Down by 3%
Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Multifamily mortgage debt alone increased $23 billion (1.0%) to $2.32 trillion. Continue Reading Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Mortgage Rates Trend Lower
The 30-year fixed-rate mortgage averaged 6.47% as of June 18, down from last week when it averaged 6.52%. Continue Reading Mortgage Rates Trend Lower
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications has a slight uptick to 17.5% from 17.4% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
CommLoan Adds Land and Build-to-Rent Financing to Platform
“Every deal type we add makes the platform smarter,” said Mitch Ginsberg, founder and CEO of CommLoan. Continue Reading CommLoan Adds Land and Build-to-Rent Financing to Platform
Survey: One-Third of Respondents Believed a Perfect Credit Score is Needed for a Mortgage
A new survey released by Veterans United Home Loans has discovered a rather considerable amount of incorrect assumptions by prospective homebuyers when it comes to acquiring a property. More than one-third of respondents (34%) were under the impression that they...
Texas-Based Highlands Residential Mortgage Acquires Ohio’s Equitable Mortgage
The financial terms of the deal were not disclosed. Continue Reading Texas-Based Highlands Residential Mortgage Acquires Ohio’s Equitable Mortgage
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
Report: Homebuyer Affordability Declined in March
The national median mortgage payment for conventional loan applicants was $2,145. Continue Reading Report: Homebuyer Affordability Declined in March
Mortgage Application Activity Dips by 1.6%
The FHA share of total applications decreased to 17.2% from 18.2%. Continue Reading Mortgage Application Activity Dips by 1.6%
Commercial Real Estate Borrowing and Lending Up by 40% in 2025
Among different property types, multifamily properties saw the highest volume last year. Continue Reading Commercial Real Estate Borrowing and Lending Up by 40% in 2025
Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
The foreclosure inventory rose to 273,000 in March, up from 213,000 a year ago, marking the largest such volume since February 2020. Continue Reading Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
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
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