Mortgage Industry News
Christine Chandler Sworn in as Mortgage Bankers Association’s 2026 Chairperson
Chandler is the executive vice president and chief operating officer at M&T Realty Capital Corporation. Continue Reading Christine Chandler Sworn in as Mortgage Bankers Association’s 2026 Chairperson
Mortgage Rates Take Another Tumble
The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16. Continue Reading Mortgage Rates Take Another Tumble
Senate Approves Bill Prohibiting Trigger Leads
Mortgage Bankers Association President and CEO Bob Broeksmit said it was “a long-overdue measure.” Continue Reading Senate Approves Bill Prohibiting Trigger Leads
Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
On a year-over-year measurement, there was a 140% spike in the dollar volume of loans for office properties. Continue Reading Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
Mortgage Rates Dip, Homebuyer Affordability Up Slightly
The national median payment applied for by purchase applicants dropped to $2,172 from $2,211 in May. Continue Reading Mortgage Rates Dip, Homebuyer Affordability Up Slightly
Mortgage Rates Are Back on the Rise
“The reacceleration of inflation and strength in the economy is keeping mortgage rates elevated,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Back on the Rise
Credit Union Mortgage Originations Down 60% in Q3
Variable rate HELOCs recorded 14% year-over-year origination declines. Continue Reading Credit Union Mortgage Originations Down 60% in Q3
Mortgage-Rate Locks for Second Homes Down 19%
August is the 14th consecutive month that second-home demand is at least 30% below pre-pandemic levels. Continue Reading Mortgage-Rate Locks for Second Homes Down 19%
Start-up Platform Roam Offers Mortgages as Low as 2%
Roam’s service is currently available in Arizona, Colorado, Florida, Georgia and Texas, with plans to expand into new markets soon. Continue Reading Start-up Platform Roam Offers Mortgages as Low as 2%
Foreclosure Activity Records Uptick in August
Nationwide, one in every 4,113 housing units had a foreclosure filing last month. Continue Reading Foreclosure Activity Records Uptick in August
Mortgage Application Activity Down Again
“Credit availability in August increased slightly but remained close to the very low levels last seen in January 2013,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Down Again
Mortgage Rates Drop, But Remain Above 7% Mark
“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above 7%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Remain Above 7% Mark
The New Normal: Monthly Mortgage Payments of $2,000+ a Month
“Just when did the $2,000 monthly mortgage payment become the norm?” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading The New Normal: Monthly Mortgage Payments of $2,000+ a Month
Redwood Trust Announces Launch of Home Equity Investment Platform
“Redwood has a history of bringing innovative solutions to the non-Agency housing market and we are thrilled to begin directly offering HEI,” said Christopher Abate, CEO of Redwood. Continue Reading Redwood Trust Announces Launch of Home Equity Investment Platform
Ouch! Mortgage Application Activity Sinks to 27-Year Low
“Both purchase and refinance applications fell, with the purchase index hitting a 28-year low,” said MBA’s Joel Kan. Continue Reading Ouch! Mortgage Application Activity Sinks to 27-Year Low
Recent Posts
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