The Federal Open Market Committee’s decision to meet broad expectations for a 25 basis point cut might not give many people in the market for a home loan the break they anticipated. “What does that do for mortgage rates? I think we’ve already seen that show up. The last three, four weeks, we’ve seen mortgage […]
Fed cuts but only some mortgage rates are moving lower Read More »
In its second transaction this month, Rithm Capital took steps to further diversify its business, this time buying office property real estate investment trust Paramount Group for $1.6 billion. It will pay $6.60 for each Paramount share, funding by cash and liquidity from the balance sheets of both companies. The company also spoke of potential
Rithm purchasing commercial REIT Paramount Group for $1.6B Read More »
Adobe Stock Mortgage applications continued to soar last week on the back of the lowest rates in almost a year, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. After application volume dropped in three consecutive weeks, it rose 9.2% on a seasonally adjusted basis the week ending September 5 and jumped another 29.7%
Mortgage applications soar, led by refinancing spike Read More »
Fannie Mae announced operational changes that will pave the way for lenders to opt for use of advanced credit scoring models later this year. This shift potentially allows them to reach and approve an expanded group of borrowers through the use of trended repayment data. The government-sponsored enterprise is preparing its web-based PoolTalk technology and
Fannie Mae updating disclosures to pave way for VantageScore Read More »
Affordable housing groups weighing on behalf of underserved communities are advocating for a cautious approach to the government-sponsored enterprise reform the Trump administration is pursuing. “Any changes to the enterprises cannot raise costs on renters and homeowners,” the Underserved Mortgage Markets Coalition said in laying out one of its priorities for reform as administration officials
What underserved market supporters want to see in GSE reform Read More »
The industry’s largest competitors at the National Mortgage News Digital Mortgage Conference Monday in San Diego agreed that it’s crucial to watch tech adoption by their own staff very closely. And despite countless artificial intelligence solutions, lenders say they’re still prioritizing their originators’ human touch with borrowers. Here are a few takeaways from the first
What you missed from day one at Digital Mortgage Read More »
Housing starts in the U.S. fell last month to the lowest since May, as bloated home inventory slowed builders’ appetites to boost production. New residential construction decreased 8.5% last month to an annualized rate of 1.31 million homes, government data released Wednesday showed. The median forecast in a Bloomberg survey of economist was for 1.37
Housing starts fall to lowest since May in broad decline Read More »
Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in. According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week
Why Now May Be a Key 2025 Moment To Sell Your House Read More »
Continuing their upward trajectory, mortgage applications increased 29.7% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 12. On an unadjusted basis, the index increased 43% compared with the previous week. Last week’s results included an adjustment for the Labor Day holiday.
Mortgage applications soar ahead of Fed meeting Read More »
The week of Oct. 12–18 will be the best time for homebuyers in 2025, according to Realtor.com’s annual Best Time to Buy Report. The analysis projects buyers could see 32.6% more active listings compared to the start of the year, home prices averaging $15,000 lower than summer peaks and 30.6% less competition. “After years of
Best time to buy a house? Mid-October 2025 favors buyers Read More »