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Mortgage Rates

Help exists for cash-strapped homebuyers — but many don’t know it

Affordability, Appraisal Institute, Covid-19, Down Payment Assistance, First-Time Homebuyers, Home Prices, Homebuying, Housing Market, HWmember, Inflation, Mortgage Rates, National Association of Realtors /

As home prices and mortgage rates continue to stretch budgets, many would-be homebuyers are wondering if they’ll ever be able to make the jump. Industry professionals say that creative financing tools and professional guidance can make homeownership more attainable, but a lack of awareness continues to stand in the way. Three voices from different corners […]

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What the current Fed rate outlook means for servicing

Federal Reserve, Mortgage Rates, Secondary markets, Servicing /

The long-term rate drop in anticipation of the latest Federal Open Market Committee has affected servicing, but since the confirmation of a 25 basis point FOMC cut has stabilized financing costs the impact currently appears limited on a go-forward basis. “Servicers should expect a pickup in refinances as there are a significant number of households

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Mortgage rates go wild following Fed rate cut and Powell remarks

Federal Reserve, Housing Market, HWmember, Jobs Report, Mortgage Rates, Purchase Applications /

Mortgage rates have had a wild ride since Fed Chair Jerome Powell started talking at the Fed press event Wednesday, rising 15 basis points today. However, I think the bond market responded appropriately after the Fed meeting, and on Thursday morning. Why? Even though the Fed lowered rates, the tone of the press conference was

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Mortgage rates lower but full impact of FOMC not felt yet

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Those who expected lower mortgage rates in the immediate aftermath of yesterday’s Federal Open Market Committee actions are likely disappointed with the early market response. The 10-year Treasury yield rose to 4.13% at 11 a.m. Thursday, up 5 basis points from its close at 4.08% at 3 p.m. on Wednesday, an hour after the Fed

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UWM first to raise its conforming limits for 2026

Marketing, MARKETING TO BORROWERS, Mortgage Rates, Originations, Secondary markets, Underwriting /

United Wholesale Mortgage is the first major lender this year to raise its conforming loan limits in advance of the formal announcement in November by the Federal Housing Finance Agency. Even though UWM will start obtaining loans with these higher limits from mortgage brokers immediately, it will need to keep the mortgages on its balance

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How will lenders recalibrate as Fed signals path to lower rates?

Chase, Federal Reserve, HWmember, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Origination, Refinancing, United Wholesale Mortgage /

Mortgage lenders are recalibrating ahead of the Federal Reserve’s anticipated monetary easing cycle by rolling out rate promotions, streamlining operations and broadening product menus. They aim to capture demand while navigating affordability and margin pressures.  Executives told HousingWire they’re preparing for renewed borrower activity as rates edge lower — but with caution, given political headwinds,

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Fed cuts rates by 25 bps as inflation lingers, labor market weakens 

Employment, Federal Reserve, HWmember, Inflation, Jerome Powell, LendingLife, Mortgage, Mortgage Rates, Regulatory /

The Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday, setting the target range at 4% to 4.25%. The first cut since December 2024 marks a new phase in the central bank’s effort to balance maximum employment and stable prices. Economists say it could usher in an easing cycle with direct

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Coldwell Banker’s Jason Waugh urges agents to ‘own the moment’ in shifting housing market

Affordability, Agent, Brokerage, Coldwell Banker, Home Prices, HWmember, Jason Waugh, Mortgage Rates, Real Estate, Real Estate Agents /

Speaking to thousands of real estate professionals at Coldwell Banker’s Generation Blue Experience 2025, company president Jason Waugh told agents that today’s market — despite volatility — represents one of the greatest opportunities of their careers. “We’ve been through three years of a contracting or flat market,” Waugh told attendees at Las Vegas’ Fontainebleau. “It’s

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Disappointing housing permits show why we need 6% mortgage rates

Federal Reserve, Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates /

Homebuilders in America are cheering, not because of the disappointing housing permit data released today, but because mortgage rates are near 6%. We have seen four consecutive months of job losses in residential construction labor, as mortgage rates have been elevated and builders’ inventory has been piling up. Housing permits, which have been declining since early 2022,

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