Apply Online
Schedule a Call

Mortgage Rates

New dangers for housing in looming shutdown: How mortgage lenders can prepare

Capital markets, Mortgage Rates, Originations, Politics and policy, Servicing /

The potential government shutdown that’s looming this week due to an impasse between political parties in budget negotiations has some new risks for housing. In addition to more typical concerns, an Office of Management and Budget memo issued last week means the usual furloughs could be layoffs that compound the impact of previous public sector […]

New dangers for housing in looming shutdown: How mortgage lenders can prepare Read More »

Mortgage spreads are the hero of the 2025 housing market

Federal Reserve, Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, Purchase Applications /

Mortgage spreads are the hero of housing in 2025, quietly helping housing demand pick up even when nobody else notices. What are mortgage spreads? In the slow dance between the 10-year yield and 30-year mortgage rates since 1971, the mortgage spread is the distance between them — the key variable keeping them close or distant. 

Mortgage spreads are the hero of the 2025 housing market Read More »

NMN020718-denver.jpg

Youthful cities to benefit more by falling mortgage rates

Housing markets, Industry News, Mortgage Rates, Originations /

Cities with younger, more mobile populations are set to benefit more from sinking mortgage rates, a new Realtor.com report found. More than 80% of existing mortgages have a rate of 6% or lower, meaning as rates approach similar levels, more homeowners will be brought back to the market. This especially is true in metros with

Youthful cities to benefit more by falling mortgage rates Read More »

Mortgage rates rise after FOMC’s decision

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates increased this week as investors digested all the commentary from the September Federal Open Market Committee meeting. The yield on the 10-year Treasury, one of the benchmarks used in pricing mortgages, was at 4.19%, after closing Wednesday at 4.15% and at 4.1% on Sept. 18, the day after the FOMC meeting. On Sept.

Mortgage rates rise after FOMC’s decision Read More »

New home sales shocked, but are these numbers legit?

Homebuilders, Housing Inventory, Housing Market, HWmember, Mortgage Rates, New Home Sales, U.S. Census Bureau /

Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since late 2022, new home sales have

New home sales shocked, but are these numbers legit? Read More »

Mortgage applications increase as rates fall to 12-month low

HWmember, Mike Fratantoni, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Origination, Purchase Applications, Refinancing /

Following another decline in mortgage rates, mortgage applications increased 0.6% from one week earlier, per data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 19, 2025. Without adjusting for seasonality, the index increased 0.1% compared with the previous week. A key driver of applications was the refinance share

Mortgage applications increase as rates fall to 12-month low Read More »

Where Fannie Mae anticipates rates will head next

Mortgage Rates, Originations, Secondary markets /

Fannie Mae made downward revisions to mortgage rate forecasts in its latest monthly economic update with projections for higher volumes than previously anticipated next year. The government-sponsored enterprise revised the average 30-year fixed-rate mortgage projection for fourth-quarter 2025 to 6.4% from 6.5%, and the one for the same loan type a year further out to

Where Fannie Mae anticipates rates will head next Read More »

Real estate sign in front of a house for sale in a nice suburban

Summer clocks in strongest buyer’s market in years

Housing markets, Industry News, Mortgage Rates, Redfin /

Adobe Stock This summer marked the strongest buyer’s market for housing in over a decade, according to new industry data. There were 35.2%, or about 506,000, more sellers than buyers in the housing market last month, a new report from Redfin shows. June and July were the only months in records dating back to 2013

Summer clocks in strongest buyer’s market in years Read More »

Have lower mortgage rates already changed the housing market?

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

Mortgage rates fell to almost 6% just before the Fed announcement on rate cuts, then rose slightly to close out the week. Have lower mortgage rates already changed the housing market? Yes. Housing data started to change in our weekly Housing Market Tracker in mid-June and I’m writing this weekend’s tracker a bit differently to

Have lower mortgage rates already changed the housing market? Read More »