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Mortgage Rates

The path to more affordable mortgages: Why lenders hold the keys

MeridianLink, Mortgage, Mortgage Rates, Origination, Sponsored, Technology /

Affordability remains one of the biggest hurdles in today’s housing market. Yes, macroeconomic forces like the Fed’s policies shape the overall rate environment, but mortgage lenders aren’t powerless passengers on this ride. In fact, you hold tangible points of influence that can directly impact borrower affordability and your own business competitiveness. The question is: are […]

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Investor home purchases hit lowest second-quarter level since 2020

Affordability, Housing Market, HWmember, Institutional investors, Interest rates, Investor, Investors, Mortgage Rates, Real Estate, Rental Properties, Single-Family Housing, Single-Family Rentals /

U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropolitan areas, defines an investor as

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Mortgage rates drop below 6% for FHA, VA loans

FHA loan, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, VA Loan /

On Thursday, mortgage rates data from Mortgage News Daily (MND) showed that the 30-year fixed rates for government loans fell below 6%. As of Thursday afternoon, the average Federal Housing Administration (FHA) loan rate was 5.97% and the U.S. Department of Veterans Affairs (VA) rate was 5.99%. Mortgage News Daily also reported 15-year fixed rates

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Mortgage rates hit new 2025 low as jobless claims spike

Housing Market, HWmember, Inflation, Jobs Report, Mortgage Rates /

Mortgage rates have reached a new low for 2025, despite the Consumer Price Index (CPI) inflation being well above the target and showing a stronger increase in the core goods component. Why are mortgage rates at 6.27%? Jobless claims experienced a significant spike today, which suggests that the labor market may not be as strong

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Homebuyers strained by costs, confused about mortgage market

Affordability, Homebuyers, Housing Market, HWmember, Interest rates, Mortgage, Mortgage Rates /

Mortgage rates remain below the 50-year average, but most homebuyers see them as unusually high — a perception that is driving stress, delaying purchases, and reshaping major life decisions, according to a nationwide survey conducted in August. The survey of more than 1,000 buyers, released this week by Tomo Mortgage, highlights the gap between economic

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Mortgage rates drop further as the odds of a Fed cut rises

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates fell by a whopping 15 basis points this week, to their lowest point in almost a year, as Fed watchers are now certain a short-term rate cut is in the offing, Freddie Mac reported. The 30-year fixed rate mortgage was at 6.35% on Sept. 11, down from 6.5% one week ago, the Freddie

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Treasuries gain as wholesale inflation unexpectedly declines

Federal Reserve, Mortgage Rates, Treasurys /

Treasuries rose, led by short-dated notes, after a reading on wholesale inflation came in weaker than expected, cementing bets that the Federal Reserve will start to cut interest rates next week.  The yield on two-year notes, which closely track expected moves by the Fed, fell as much as four basis points to 3.52%, while the

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US mortgage rates at 11-month low rekindle home finance activity

Mortgage applications, Mortgage Rates, Originations /

US mortgage rates declined last week to an almost one-year low, sparking a surge in refinancing activity and encouraging prospective buyers to step off the sidelines. The contract rate on a 30-year mortgage fell 15 basis points to 6.49% in the week ended Sept. 5, according to Mortgage Bankers Association data released Wednesday. Rates on

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Mortgage Rates Just Saw Their Biggest Drop in a Year

Affordability, Economy, First-Time Buyers, For Buyers, Mortgage Rates /

You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. What Sparked the

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