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Mortgage Rates

30-year bond sale spurs ‘sigh of relief’ after weeks of angst

Mortgage Rates, Treasury bonds /

A closely watched auction of 30-year Treasuries saw stronger-than-expected demand on Thursday, easing for now worries that investors would shun the US government’s longest maturity. The $22 billion sale followed weeks of fretting over whether spiraling budget deficits and President Donald Trump’s trade war would deter buyers from lending to the US for such a lengthy period. But it […]

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UWM brings back 1% down conventional mortgage

Affordable housing, LOAN PRODUCTS, Mortgage Rates, Originations, Underwriting /

United Wholesale Mortgage is bringing back a conventional purchase mortgage in which the borrower only has to come up with a 1% down payment. A previous version of the product was last offered in May 2024. With this iteration, the mortgage is available up to the conforming loan limit for buyers at or below 80%

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Mortgage applications rise for first time in a month

Mortgage applications, Mortgage Rates, Refinance /

Mortgage applications picked up last week, according to the most recent numbers put out by the Mortgage Bankers Association, offering optimism for a real estate market that has been facing a prolonged period of economic uncertainty. The Mortgage Bankers Association’s weekly Mortgage Composite Index showed applications up a seasonally adjusted 12.5% from the week before,

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Mortgage credit offerings at loosest in over two years

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations, Underwriting /

Growth in loan products across the board in anticipation of the annual home purchase season pushed mortgage credit to its loosest in over two-and-a-half years, the Mortgage Bankers Association said. However, rate lock activity fell nearly 6% in May from April, as conforming mortgage rates rose over 16 basis points during the month, a separate

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Fannie Mae: Consumer housing market sentiment hits 2025 high point

Fannie Mae, Home Purchase Sentiment Index, Homebuyers, Housing Market, Housing Market Data, HWmember, Mortgage Rates /

U.S. consumer sentiment toward the housing market improved in May and reached its highest level since November 2024, according to Fannie Mae. Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates may fall in the

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Buying Your First Home? FHA Loans Can Help

Buying Your First Home? FHA Loans Can Help

Affordability, Buying Tips, First-Time Buyers, For Buyers, Mortgage Rates /

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan. They’re designed to help you

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RetroRate funding round will fuel assumable mortgage tool set

Artificial Intelligence, assumable mortgage, Homebuyers, HWmember, MLS, Mortgage, Mortgage Rates, Real Estate Agents, Technology /

RetroRate, a startup focused on making assumable mortgages easier to find and evaluate, has raised $2.2 million in seed funding. The platform allows real estate agents to find assumable loans through MLS data and guides them through a complex approval and closing. By streamlining this process, RetroRate aims to make assumable mortgages more accessible and

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‘Most-unloved bonds’ turn routine US auction into crucial test

Mortgage Rates, Treasury bonds /

Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the most anticipated events on Wall Street this week.  The Treasury is set to sell $22 billion of 30-year government bonds on Thursday, part of its regularly scheduled borrowings. The results, though, will receive

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New listings slump. Have home sellers already called it quits?

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Purchase Applications /

One of the most encouraging data points for 2025 so far is that new listings have finally emerged from a two-year slump, exceeding 80,000 per week during the seasonal peak period. The question is: Have we already seen the highest new listings print for the year? We are currently in the seasonal period where we

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