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Mortgage rates near 7% but expected to ease by December
loantrust.ai

Mortgage rates near 7% but expected to ease by December

Educational BREAKING — National Mortgage News reports that mortgage rates climbed toward 7% last week as bond market volatility persisted ahead of the Federal Reserve's Wednesday meeting, with the 30-year fixed rate touching or exceeding that threshold depending on the data source. For borrowers and investors watching rates

Hans Michel/ / 2 min read
Robots clash in first naval engagement between uncrewed sea drones
humanbygod.com

Robots clash in first naval engagement between uncrewed sea drones

Educational BREAKING — New Scientist reports that earlier this month, the Ukrainian Navy deployed an uncrewed vessel to attack and destroy an uncrewed Russian naval robot, marking what appears to be the first engagement between fully autonomous sea drones. The incident opens a chapter in naval warfare where no human crew

Hans Michel/ / 2 min read
Mortgage rates now perched just below 7%, says Freddie Mac
loantrust.ai

Mortgage rates now perched just below 7%, says Freddie Mac

Educational BREAKING — Mortgage Professional America reports that borrowing costs have reached a 20-month high following the Federal Reserve's first rate increase in three years, with Freddie Mac placing mortgage rates just below the 7% threshold. This marks a significant shift in the lending landscape after a prolonged

Hans Michel/ / 2 min read
Mortgage rates surge toward 7% as the Fed changes course
loantrust.ai

Mortgage rates surge toward 7% as the Fed changes course

Educational BREAKING — Mortgage Professional America reports that mortgage rates are climbing toward 7 percent, with borrowing costs reaching a 20-month high following the Federal Reserve's first rate increase in three years. After a prolonged period of historically low rates, this shift marks a meaningful change in the

Hans Michel/ / 2 min read
Pending Home Sales Hold Steady, Rates Weigh on Buyers
loantrust.ai

Pending Home Sales Hold Steady, Rates Weigh on Buyers

Educational BREAKING — Pending home sales edged up 0.3% from July to August, according to Realtor.com Research, a marginal gain that still left the market down 4.7% compared with the same month last year. The flat month-over-month reading suggests buyers are not retreating further, but the

Hans Michel/ / 2 min read
Pending-home sales unexpectedly tick up despite high rates
loantrust.ai

Pending-home sales unexpectedly tick up despite high rates

Educational BREAKING — National Mortgage News reports that pending-home sales unexpectedly ticked up in the latest reading, even with mortgage rates still elevated. The outlet notes that the figures point to lingering pent-up demand for previously owned homes, as buyers who may have been waiting for lower rates finally

Hans Michel/ / 2 min read
Lenders share their roadblocks and tailwinds in scaling
loantrust.ai

Lenders share their roadblocks and tailwinds in scaling

Educational BREAKING — National Mortgage News reports that mortgage companies have moved past simply encouraging AI adoption and are now wrestling with how to control spending on it through something called "tokenomics." This shift marks a maturation point in the industry's relationship with artificial intelligence, where the

Hans Michel/ / 2 min read