Mortgage News
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News for: National Mortgage News
Showing 313 - 336 of 389 results
Jun 19, 2025 5:04 AM
— Housing Market
Baby boomer plans put others' homeownership goals on hold
Baby boomers are not selling homes as expected, with many saying they won't sell for at least another decade, leading to uncertainty in the housing market. Interest in condo units has dropped to a 10-year low due to insurance and fee increases. Major housing markets are experiencing annual home price declines amid high mortgage rates. Inventory of homes for sale is high, leading to a decrease in b... more
Jun 18, 2025 1:32 PM
— Mortgage Lenders
Fannie, Freddie regulator: Powell should cut rates or quit
Fannie Mae's and Freddie Mac's regulator is calling for Federal Reserve Chairman Jerome Powell to step down if he doesn't cut short-term rates. The Trump administration seems less willing to give up control of the mortgage giants, and analysts are unsure if mortgage rates and guarantee fees could rise if the government doesn't privatize Fannie and Freddie.
Jun 18, 2025 9:41 AM
— Mortgage Lenders
Mortgage rates move lower in front of Fed decision
Mortgage rate movements remained stable while investors awaited the conclusion of the Federal Open Market Committee meeting happening later in the day. The top five lenders had a significant mortgage origination volume at the end of Q1. There was a closed meeting between the Federal Housing Finance Agency, the Treasury, and the Securities and Exchange Commission, the first since 2017. The Mortgage... more
Jun 18, 2025 8:00 AM
— Housing Market
Buyers aren't biting on lower rates amid economic doubts
Geopolitical uncertainty is causing fluctuations in the housing market, with rates remaining relatively stable and demand fluctuating. Top lenders have high mortgage origination volumes. Mortgage applications have recently risen after a month of decline. A closed meeting between relevant agencies is the first since 2017. The average 30-year fixed-rate mortgage has slightly increased. A growing sup... more
Jun 17, 2025 2:01 PM
— Mortgage Lenders
ICE Mortgage Technology launches its own APOR index
ICE Mortgage Technology has introduced a publicly available weekly average prime offer rate index. The top five lenders had over $43 billion in average mortgage origination volume at the end of Q1. Agency mortgage backed securities have declined about 1.1% since the beginning of April, trailing Treasuries and the broader US bond market. Some opposition is growing against the Trump administration's... more
Jun 17, 2025 10:24 AM
— Interest Rates
No Fed rate cut until September at earliest, economists say
Economists surveyed by Wolters Kluwer do not expect the Federal Reserve to cut short-term rates at its upcoming meeting, and only a small percentage of them expect any action to be taken in July. Treasuries slumped after US job and wage growth led to reduced expectations of a rate cut by the Federal Reserve. Despite positive economic data, concerns about the economy's direction persist among consu... more
Jun 17, 2025 8:00 AM
— Housing Market
Builders scale back as costs, supply rise
Housing permits fell for the fourth consecutive month, indicating a slowdown in construction due to a weak housing market. However, housing starts increased in April, mainly driven by multifamily home construction. Purchases of new single-family homes also rose significantly, reaching the highest level since February 2022. Despite this, major housing markets are experiencing home price declines, w... more
Jun 16, 2025 7:00 AM
— Mortgage Lenders
DOJ quietly axes more redlining settlements with lenders
The Trump administration is working to reduce Biden-era redlining enforcement. Interest rates do not expect to change soon. A meeting between federal housing agencies, treasury, and the SEC was publicized. Regulators say a Mississippi-based depository satisfied a settlement with the Biden administration. The top five lenders had an average mortgage origination volume of over $43 billion.
Jun 12, 2025 9:55 AM
— Mortgage Rates
Mortgage rates move lower for second week: Freddie Mac
Mortgage rates have remained steady in the low 6.8% range for the past two months after a slight increase in mid-April. The top five banks had a significant wholesale volume at the end of the first quarter. A settlement between two parties involved in a complaint was not detailed, with one party seeking damages. A non-bank lender is noted for offering flexible underwriting and faster origination t... more
Jun 12, 2025 5:03 AM
— Home Equity Line of Credit (HELOC) Market
Banks vs IMBs: who wins the HELOC war?
Non-bank lenders are expanding into the home equity line of credit market and are offering advantages compared to larger competitors. However, fraudulent activity is increasing in the industry, so lenders need to take steps to protect borrowers and their portfolios. Homeowners can currently borrow $50,000 and pay around $100 less per month than they did a year ago. Closed-end home equity volume in... more
Jun 11, 2025 2:03 PM
— Mortgage Rates
Mortgage applications rise for first time in a month
Mortgage applications increased last week, providing hope for the real estate market. The average 30-year fixed-rate mortgage rose slightly to 6.86%. An index of applications for home purchases and refinancing both showed significant increases. The Mortgage Bankers Association reported a drop in their measure of refinancing. The Consumer Financial Protection Bureau identified five rules to review ... more
Jun 11, 2025 6:03 AM
— Mortgage Lenders
Trigger leads bill advances on Capitol Hill
Lawmakers are working on a bill to protect the privacy of mortgage applicants nationwide, despite opposition from the Trump administration to roll back fair lending requirements. The bill will need to be reconciled between the House and Senate before reaching President Trump. The Consumer Financial Protection Bureau is requesting a review of five rules by the White House budget office. The mortgag... more
Jun 10, 2025 12:09 PM
— Mortgage Rates
Mortgage credit offerings at loosest in over two years
Mortgage credit has become the loosest in over two-and-a-half years due to increased loan products in anticipation of the annual home purchase season. The average 30-year fixed-rate mortgage rose slightly to 6.86% last week, and there is a growing supply of unsold inventory putting pressure on prices.
Jun 10, 2025 8:00 AM
— Mortgage Lending
How DOGE could shrink federal housing spending
The Trump Administration is finding that cutting costs at HUD and FHFA is more complex than expected. An obstacle to finding savings is that credit costs are understated due to rising home prices. One potential area of savings is returning defaulted assets to the private sector. The article discusses conflicts between HUD and Ginnie Mae issuers in terms of repayment rules during foreclosures. Addi... more
Jun 9, 2025 10:00 AM
— Housing Market
Home purchase sentiment rises after tariff pause
Despite increasing mortgage rates and economic volatility, the outlook among home buyers and sellers improved, with more consumers believing the market is better than in 2024. Fannie Mae's latest mortgage outlook for 2025 and 2026 is positive due to increases in gross domestic product and home sales expectations.
Jun 9, 2025 3:40 AM
— Mortgage Lending
Ginnie Mae lifts buydown limit for custom pools
Ginnie Mae plans to exempt custom pools from a restriction, making it easier for mortgage companies to sell single-family loans with interest-rate buydowns. The top five banks had a combined wholesale volume of over $18 billion at the end of the first quarter. A federal housing official is taking action on credit score costs. Panelists at a conference credit investors for strengthening non-QM port... more
Jun 7, 2025 4:51 AM
— Mortgage Industry Regulations
If the CFPB axes the LO comp rule, what happens?
The Consumer Financial Protection Bureau under the Trump administration is considering revisions and possible rescission of rules in the mortgage industry. As lenders expand into HELOCs, fraudulent activity is increasing. The economy shows signs of weakening based on latest employment statistics. For-sale supply is improving, giving buyers more options and keeping price pressures soft.
Jun 6, 2025 7:00 AM
— Mortgage Rates
Jobs numbers dash hopes for rate cut, mortgage hiring rises
May's slightly stronger employment data led to a little increase in payrolls, reducing hopes for further decline in rates. Industry representatives suggest changes to requirements to aid moderate-sized companies. Home equity volume increased with homeowners opting for loans instead of buying new houses due to rising mortgage rates.
Jun 6, 2025 6:00 AM
— Mortgage Lending
Low credit scores in non-QM verge on 10% default rate
A study by Kroll Bond Rating Agency shows that the performance of nonqualified mortgages has varied by segment but has resulted in relatively few credit losses over the past decade. Pricing on 30-year fixed rate mortgages dropped slightly, while legal and compliance issues were the top cause for application defects during the fourth quarter. Some mortgage companies were able to offset origination ... more
Jun 5, 2025 10:17 AM
— Mortgage Rates
Mortgage rates move lower for first time in four weeks
Mortgage rates have decreased for the first time in four weeks as the 10-year Treasury yield had a volatile week. Economic news, including a GDP contraction, contributed to this trend. The 30-year fixed rate mortgage is currently 14 basis points lower than it was last year. Loan originators discuss their success in maintaining deals amid market fluctuations.
Jun 4, 2025 1:24 PM
— Home Equity Loans
Closed-end seconds lead overall home equity loan growth
The TransUnion report found that closed-end home equity loan annual growth outpaced its line of credit cousin in the fourth quarter. Homeowners can borrow $50,000 and pay around $100 less per month compared to last year. More homeowners are opting for HELOCs, but there is a knowledge gap regarding its use. Wall Street is seeing an increase in home equity loans as buying new homes become more diffi... more
Jun 2, 2025 4:00 AM
— Home Equity Loans
Home equity lending is flourishing as HELOC rates fall
Home equity lending has become increasingly popular due to rising home prices and mortgage rates close to 7%. More homeowners are considering taking out a HELOC, but there is still a lack of understanding surrounding its uses. The housing market is shifting towards favoring homebuyers, with younger clients entering the market with government-backed loans. Interest rate volatility has led to increa... more
May 29, 2025 1:01 PM
— Mortgage Rates
Monthly mortgage payments on the rise, but not for long
Homebuyers in the current Spring season are facing larger monthly payments, but relief may be on the way. Mortgage rates have increased since April and the Purchase Application Payment Index has dropped. Yields on the 10-year Treasury are climbing due to various factors, and pending sales of homes have increased thanks to a brief dip in mortgage rates.
May 29, 2025 10:14 AM
— Mortgage Rates
Mortgage rates rise again to highest level since February
Mortgage rates have increased for the third week in a row, reaching their highest point since February. Despite some economic news and political developments affecting Treasury yields, the 30-year fixed rate mortgage saw some decrease in pricing.
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Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.