Mortgage rates declined for the second week in a row, as the 10-year Treasury in recent days has flirted with falling below the 4% mark. Last Thursday, the 10-year closed at 4.15%. As of 11 a.m. on Aug. 16, it was at 4.04%, helped by recent comments by Federal Reserve Chairman Jerome Powell regarding both […]
Mortgage rates move lower, driven by shutdown uncertainties Read More »
Rocket Mortgage might have been a few weeks behind its competition in announcing its presumptive 2026 conforming loan limit increase, but it took that time to go higher than the rest of the market. United Wholesale Mortgage, Pennymac, Crosscountry and Rate all announced in late September they were now purchasing single-family mortgages up to $819,000
Rocket’s 2026 early conforming limit hike tops others by $6k Read More »
Confidence among US homebuilders rose this month by the most since early 2024, boosted by lower mortgage rates that are chipping away at the nation’s affordability problem. An index of market conditions from the National Association of Home Builders and Wells Fargo increased 5 points in October to 37, the highest since April. A value
US homebuilder sentiment rises by most since 2024 Read More »
Homeowners are seeing smaller profits from sales compared to a year ago, but the latest numbers still surpass pre-pandemic levels, as growing numbers hold onto their properties amid surging equity accrual. Sellers gained an average of 49.9% in profit after transactions closed during the third quarter, according to the latest home sales report from real
Homeowners see slimmer profits from third-quarter sales Read More »
Figure Technology Solutions has introduced a new platform for debt-service coverage ratio originations aimed to support growth of nonqualified mortgages as well as the company’s own blockchain-based marketplace. The fintech’s lending platform aims to provide quicker access to capital for real estate investors, utilizing artificial intelligence and blockchain technologies to streamline underwriting and funding for
Figure unveils new DSCR lending platform Read More »
Amidst a credit score war, Experian has thrown the latest punch. The data and technology company will now offer VantageScore 4.0, a credit scoring model, for free to its mortgage clients in the United States. “Experian is dedicated to fostering a more competitive mortgage landscape, creating a safer and sounder market, and expanding access to
Experian to offer VantageScore 4.0 for free Read More »
The latest refi boomlet sustained its momentum that showed up in late summer, with rate drops driving a noticeable spike in September lock volume, according to Optimal Blue. Rate locks jumped 28.2% from August to September, the product-pricing engine platform said in its latest market advantage report, and drove its monthly market index to a
Lower rates fuel big September refi spike Read More »
Total mortgage origination volume is projected to surpass $2 trillion by the end of the year for the first time since 2022, according to a recent forecast. The milestone is driven by a 48% jump in refinance dollars and 12% spike in purchase dollars, an overall 20% increase from last year, according to iEmergent’s 2025–2027
Forecast calls for originations to surpass $2 trillion this year Read More »
Mortgage fraud risk ended the second quarter at its highest level in over three years as issues related to undisclosed real estate debt and transaction misrepresentations had significant annual increases, according to Cotality. When compared with the first quarter, the Cotality Mortgage Application Fraud Risk Index rose by 1.4%, while jumping by 6.1% compared to
Mortgage fraud risk rising as housing market struggles Read More »
The federal government shutdown and the resulting delay in the monthly employment report was the catalyst for the small movement in mortgage rates this past week. This data “would have been a key market mover for mortgage rates, offering insight into how much the Federal Reserve might adjust monetary policy in response to a cooling
How mortgage rates have been affected by federal shutdown Read More »