Mortgage Industry News
Homeowners Face 73% Spike in Mortgage Payments If They Move
“The lock-in effect isn’t just theoretical; it’s a significant factor weighing on the decisions of American homeowners,” said Realtor.com Chief Economist Danielle Hale. Continue Reading Homeowners Face 73% Spike in Mortgage Payments If They Move
Mortgage Credit Availability Increases for Fifth Straight Month
“Mortgage credit availability increased for the fifth consecutive month to its highest level since 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Increases for Fifth Straight Month
Mortgage Application Activity Up 9.2%
The seasonally adjusted Purchase Index increased 7% from one week earlier but the unadjusted index retreated by 6%. Continue Reading Mortgage Application Activity Up 9.2%
Housing Is Not a Game — It’s the American Dream
For far too long, housing has been reduced to a prop in America’s political theater. It’s the backdrop for campaign rallies, the bullet point slipped into glossy mailers, the soundbite dropped to score applause. But behind every hollow promise, real families are...
Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
“This is just another hit piece from a left-wing dark money group that constantly attempts to smear President Trump’s incredible Cabinet members,” said a White House spokesperson. Continue Reading Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
23.5% of mortgaged homeowners have a rate below 3%. Continue Reading Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
Mortgage Application Activity Records an Uptick
“The average loan size on a purchase loan decreased for the third straight week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Records an Uptick
Mortgage Credit Availability Tightens Again
“Mortgage credit availability decreased for the third consecutive month,” lamented MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Tightens Again
Guild Mortgage Debuts 1% Down Payment Advantage Program
Homebuyers can purchase a home with a minimal down payment of only 1% of the purchase price. Continue Reading Guild Mortgage Debuts 1% Down Payment Advantage Program
Mortgage Rates Down Slightly This Week
“Mortgage rates decreased after a three-week climb,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Down Slightly This Week
One-Third of Homebuyers Now Paying in All-Cash Deals
Only 6.1% of mortgaged home sales used a jumbo loan in April, down from 10.6% a year earlier. Continue Reading One-Third of Homebuyers Now Paying in All-Cash Deals
Mortgage Application Activity Down for Fourth Consecutive Week
The refinance share of mortgage activity increased to 27.3% of total applications from 26.7% in the previous week. Continue Reading Mortgage Application Activity Down for Fourth Consecutive Week
Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
Behnke most recently served as regional manager for the company’s east region. Continue Reading Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%. Continue Reading Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century. Continue Reading Q1 Mortgage Origination Activity at 23-Year Low
