Mortgage Industry News
Mortgage Delinquency Rate Inches Up to 3.55%
The share of mortgages in active foreclosure reached 0.53% in June, the highest level in six years, as foreclosure activity continued to normalize. Continue Reading Mortgage Delinquency Rate Inches Up to 3.55%
Mortgage Rates Rise for Third Straight Week
The 30-year fixed rate mortgage averaged 6.58% as of July 23, up from last week when it averaged 6.55%. Continue Reading Mortgage Rates Rise for Third Straight Week
Mortgage Application Activity Slows Down Again
The FHA share of total applications decreased to 16.4% from 16.9% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Atlantic Home Mortgage Debuts Lendtrain, a Refinance-Focused Platform
“Most homeowners do not need a sales call just to find out whether a refinance is worth exploring,” said Tony Davis, founder of Lendtrain. Continue Reading Atlantic Home Mortgage Debuts Lendtrain, a Refinance-Focused Platform
Report: 1 in 5 Homebuyers Are Gen Z
This youthful generation represents nearly one-third of all first-time homebuyer loans and 27% of FHA purchase lending. Continue Reading Report: 1 in 5 Homebuyers Are Gen Z
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
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%
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
