Mortgage News
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News for: Scotsman Guide
Showing 25 - 48 of 142 results
Mar 17, 2026 9:42 AM
— Mortgage Rates
Pending home sales lag year-ago levels in February
Pending home sales saw a slight increase in February compared to January, with only the Northeast failing to see a monthly rise. Rising mortgage rates due to global events like the war with Iran are causing some concerns about the spring housing market. While the housing market shows signs of improvement, challenges remain, including high home prices and mortgage rate lock-in effects. However, the... more
Mar 12, 2026 4:41 PM
— Mortgage Rates
Mortgage rate reality sets in as Iran war spikes homebuying costs
Gas prices in the U.S. have risen due to the conflict in Iran, but the impact on mortgage rates has been less pronounced. The 30-year fixed-rate mortgage has increased to 6.11%, leading to a 3.2% increase in mortgage applications. The 10-year Treasury yield, a benchmark for mortgage rates, has also risen since the conflict began.
Mar 12, 2026 1:29 PM
— Mortgage Rates
February rate-lock data affirms boost in purchase mortgage demand
Mortgage rate-lock activity expanded notably in February, with total lock volumes up over 42% from the previous year. Purchase lock volumes rose 30% from January, along with significant increases in rate-and-term refinance locks and cash-out contracts. The increase in lock volume was driven by mortgage rates briefly entering the high-5% range. Despite rates resetting higher in early March due to g... more
Mar 12, 2026 6:31 AM
— Mortgage Lending
FHA lending contracts as delinquency pressures crystalize
In February, mortgage credit availability increased by 1.1%, driven by expanded refinance opportunities mainly for cash-out refinances and investor homes with lower loan-to-value ratios. However, government lending, particularly FHA loans, experienced a decline due to tightening underwriting standards caused by an increase in FHA mortgage delinquency rates. The jumbo mortgage component index conti... more
Mar 11, 2026 12:31 PM
— Housing Market
Share of ‘accidental landlords’ hits three-year high as frustrated home sellers pivot
As the U.S. housing market becomes more favorable to buyers, more homeowners are choosing to convert their unsold properties into rentals. This trend is driven by homeowners with low mortgage rates, allowing them to rent out their properties instead of lowering their asking price. Geographically, this trend is most concentrated in buyer-dominated markets like Denver, with the Sun Belt also seeing ... more
Mar 11, 2026 9:16 AM
— Interest Rates
Mortgage demand rises despite war-induced rate volatility
Mortgage application volumes rose despite financial market volatility due to the ongoing U.S. war with Iran. The Market Composite Index increased by 3.2%, purchase application activity rose by 7.8%, and borrowing costs increased to 6.19% for 30-year fixed rates. Refinance activity remained high, with rates also increasing.
Mar 11, 2026 4:33 AM
— Housing Market
Trade groups balk at build-to-rent provision in bipartisan Senate housing bill
A bipartisan Senate housing package named the 21st Century ROAD to Housing Act received strong support from the home building and housing finance industries. However, a provision related to build-to-rent housing in the bill has faced backlash from prominent mortgage and housing groups. The provision requires investors to sell certain homes, including BTR housing, within seven years of purchase, wh... more
Mar 10, 2026 6:32 PM
— Mortgage Rates
Existing-home sales improve modestly as Iran war clouds spring outlook
Existing-home sales rose 1.7% over the month in February but were ultimately 1.4% lower than a year ago. The median existing-home price only increased by 0.3% year over year. Housing affordability is improving, but there is still a long way to go to return to pre-pandemic transaction levels. The Federal Reserve must now consider the impact of a potential prolonged global energy supply shock due to... more
Mar 10, 2026 9:19 AM
— Mortgage Rates
Lower mortgage rates stimulate purchase rebound in February
In February, there was a modest increase in homebuyer activity driven by lower mortgage rates and less disruptive winter conditions. Mortgage purchase rate locks rose by 5% over the year and 14% from January. Refinance volumes remained high but decreased slightly. The average rate for a 30-year fixed-rate mortgage decreased from the previous month and year. Both rate-and-term refinances and cash-o... more
Mar 9, 2026 1:50 PM
— Mortgage Rates
Overall loan volumes rise on tide of consistent affordability gains
New foreclosure proceedings increased by 6.5% in February compared to the previous month, while total mortgage originations reached multiyear highs by the end of 2025. Refinancing accounted for about 40% of lending share in the last three months of 2025, due to interest rates dropping to multiyear lows. Affordability gains were seen in the rising loan volumes in the latter part of 2025 and early 2... more
Mar 9, 2026 8:43 AM
— Housing Market
Home sales rebound in February as winter thaw lifts activity: Zillow
In February, existing-home sales increased by 1.8%, marking the first increase in seven months. Home values also rose slightly. Mortgage rates near multiyear lows have provided more purchasing power to both first-time homebuyers and existing homeowners. The typical U.S. home value was $361,371, with mortgage payments 7.7% lower than a year ago. Inventory levels are improving, with 1.12 million hom... more
Mar 6, 2026 4:33 PM
— Interest Rates
Higher-for-longer interest rates may yield further growth in ARM lending share
The article discusses how average rates for 30-year fixed-rate mortgages have risen above 6% due to financial uncertainty, pushing mortgage lenders to consider adjustable-rate loans as a more affordable option for buyers. This shift may lead to more higher-wealth borrowers opting for adjustable-rate mortgages as a way to combat affordability barriers. The report emphasizes that a significant drop ... more
Mar 6, 2026 9:12 AM
— Mortgage Rates
The Fed’s quandary: Weak jobs report collides with war-stoked inflation
The February job report showed an unexpected loss of 92,000 jobs, leading to questions about potential interest rate cuts. The uncertainty surrounding tariffs, military interventions, and labor supply has complicated the Federal Reserve's decision-making process. Economists predict that mortgage rates need to drop below 6% to stimulate homebuying demand and support the housing market.
Mar 5, 2026 2:57 PM
— Mortgage Lenders
Housing agencies halt Anthropic use after Pentagon talks deteriorate
President Trump directed federal agencies to stop using AI tools from Anthropic, accusing them of strong-arming negotiations. In response, the FHFA, Fannie Mae, Freddie Mac, and the Department of Treasury terminated their use of Anthropic products. The company had an impasse with the military over concerns of mass surveillance and autonomous weapons. Defense Secretary designated Anthropic as a nat... more
Mar 5, 2026 12:49 PM
— Mortgage Rates
Mortgage rates back above 6% as Iran war uncertainty builds
The 30-year fixed-rate mortgage reached an even 6.00% after a brief period below that mark. Despite the increase, activity from buyers, sellers, and owners remains high, with refinance activity up and purchase applications ahead of last year. The increase in rates may be influenced by the developing war in Iran, which has caused an oil shock and affected global markets.
Mar 4, 2026 4:42 PM
— Housing Market
Rising taxes and homeowners insurance undermine affordability — even in buyer-friendly markets
A new analysis by Neighbors Bank shows that escrow costs make up 21% of monthly mortgage payments across the largest U.S. metros, impacting first-time and low-downpayment homebuyers the most. Escrow-related costs rose by 30% on average last year at the state level, with many borrowers unaware that their fixed-rate mortgage payments can change due to higher assessments. Escrow hikes are driven main... more
Mar 2, 2026 11:56 AM
— Mortgage Rates
Mixed housing signals complicate spring homebuying season
Mortgage borrowing costs have dropped to multiyear lows, making it a good time for homeowners with rates above 6% to consider refinancing for potential savings. The housing market has seen a normalization and potential for decreased price growth. However, uncertainty remains due to possible policy changes and geopolitical tensions.
Feb 26, 2026 2:29 PM
— Mortgage Rates
New mortgage payment amounts rise in January, ending half year of declines
The Mortgage Bankers Association reported that new monthly payments for home loans increased in January compared to December levels. Despite this increase, January's median new mortgage payment was still lower than year-ago levels. Mortgage rates have been declining, leading to improved affordability conditions.
Feb 26, 2026 11:07 AM
— Mortgage Rates
Mortgage rates fall below 6% in major milestone
The 30-year fixed-rate mortgage has dropped below 6% for the first time since 2022 according to Freddie Mac data. Mortgage demand has shown signs of life with applications increasing for two consecutive weeks, especially in refinance activity.
Feb 26, 2026 9:32 AM
— Federal Reserve Independence
Outgoing Fed president says attacks on central bank independence are taking toll
Raphael Bostic, the president and CEO of the Federal Reserve Bank of Atlanta, announced his retirement and expressed gratitude for his community. He emphasized the importance of maintaining the Fed's independence, as the public's trust in it has eroded due to legal battles and political interference.
Feb 25, 2026 2:31 PM
— Housing Market
Redfin joins the great debate on typical age of first-time homebuyers
Different organizations have provided varying estimates for the typical age of a first-time homebuyer in 2025, ranging from 32 to 40 years old. Redfin's analysis falls in the middle, indicating the typical age was 35. Various factors contribute to the differences in estimates, including methodology and data sources.
Feb 25, 2026 12:15 PM
— Mortgage Lending
Shift away from tri-merge credit reports could send mortgage rates higher, study finds
Recent research conducted by Andrew Davidson and Co. warns that replacing tri-merge credit score requirements with a single-bureau option could lead to higher mortgage costs and increased risks for borrowers. The study found that scores based on data from one credit bureau often varied significantly from the current tri-merge standard, impacting loan pricing in meaningful ways. Shifting away from ... more
Feb 25, 2026 6:32 AM
— Mortgage Refinance
Mortgage refinancing rises as rates fall, but many prospective buyers remain sidelined
Refinance applications drove mortgage activity with a slight increase in average interest rates. The share of refinance activity rose to 58.6% of total applications, leading to a 4% increase in the refinance component index. Purchase applications were down, but 12% higher than a year ago due to lower rates and improved affordability.
Feb 24, 2026 11:31 PM
— Mortgage Rates
Housing affordability gets scant attention in record-long State of the Union address
During his State of the Union address, President Donald Trump spent less than three minutes discussing his plan to tackle affordable housing, specifically focusing on banning institutional investors from purchasing single-family homes. He did not propose any new housing policy during the speech, but urged Congress to make the ban permanent. Trump also inaccurately claimed that mortgage rates are t... more
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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.