Pending home sales declined again in July as elevated mortgage rates and record-high home prices continued to weigh on buyer demand. The National Association of REALTORS® (NAR) Pending Home Sales Inde
Residential construction pulled back in July as housing starts and completions declined from June levels, while building permits rebounded. The latest Census Bureau data suggests builders remained cau
For all practical purposes, Friday's mortgage rates were unchanged versus Thursday's, but if we're splitting hairs, the average lender rose 0.01% to 6.77% for a top tier 30yr fixed. While many news ou
SimplyPMG's Ospina explains why today's rates may be closer to normal than anyone admits
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
Rocket Mortgage data finds 25% of borrowers chip away at principal — and it's reshaping payoff timelines
The government-sponsored enterprise oversight chief said his agency is focusing on select fees applied to mortgages that lenders sell to Fannie and Freddie.
New NAHB data shows median-income families now need 34% of earnings for a new home mortgage
Mortgage applications for newly built homes lost ground in July, another indication that builder incentives are struggling to overcome buyers’ sensitivity to elevated mortgage rates.Applications for n
LOs tell me that they are counseling potential borrowers. “If you’re in the market for a home, focus on the things you can control. Save for your down payment which can be less than 20 percent, but th
Castlelake has priced its first residential mortgage-backed securities issuance, a $261.3 million transaction backed by residential transition loans, or RTLs. The deal comes four months after the alte
Rates took another minor dip this week, yet remain steady at levels not seen in over a year, much to buyers dismay.