Mortgage News
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News for: Mortgage News Daily
Showing 553 - 576 of 839 results
Aug 2, 2025 3:25 AM
— Capital Markets
Tradeshow Strategy, Verification Tools; AI Legal Case; Job Data Drops Rates
The government of Singapore owns approximately 5% of the land in Michigan's Upper Peninsula, with their sovereign wealth fund, the Government of Singapore Investment Corporation, owning 540,000 acres of forestland. RCN Capital has a strategy for maximizing trade shows to win more broker business, while Vista Point Mortgage has closed a $295 million securitization of non-QM Closed-End Second loans.... more
Aug 1, 2025 2:54 PM
— Interest Rates
Bond Traders Quickly Revise Their Bullishness
There were significant revisions to the Non-Farm Payrolls (NFP) numbers, leading to a massive rally in the markets. Yields on various bonds decreased significantly, including 2yr yields, which fell almost 30bps. Mortgage rates also dropped back to mid-October levels as a result.
Aug 1, 2025 1:23 PM
— Bond Markets
Big Old Rally After HUGE Downward NFP Revisions
The non-farm payrolls report showed significantly lower numbers than expected, with substantial revisions to the previous two months as well. This has led to a reevaluation of Fed rate cut odds, causing Fed Funds Rate expectations to drop. Treasury yields have decreased, particularly the 2yr yields, which are closely tied to the Fed Funds Rate. MBS have also seen an increase in value.
Aug 1, 2025 12:54 PM
— Mortgage Rates
Mortgage Applications Fall as Rates Held Near Highs
Mortgage application activity fell last week, with both purchase and refinance demand decreasing. The 30-year fixed rate remained high at 6.83%, deterring refinancing. Purchase applications dropped by almost 6% despite slowing home-price growth and rising inventory. The Refinance Index fell 1% week-over-week but is still higher than last year. The Purchase Index decreased by 6%, remaining above 20... more
Aug 1, 2025 12:23 PM
— Mortgage Rates
Mortgage Rates Instantly Drop to 4 Month Lows After Jobs Report
The article discusses how revisions to the jobs report, specifically removing 253k jobs from the initially reported numbers, caused rates to improve. The revisions are a normal part of the reporting process due to incomplete data initially received from employers. Traders reacted to the weaker labor market conditions indicated by the revisions by pushing rates lower.
Aug 1, 2025 10:54 AM
— Housing Market
Pending Home Sales Slip Again, Underscoring Market Stagnation
The National Association of Realtors' Pending Home Sales Index has been rangebound for over two years due to affordability pressures and elevated mortgage rates. Pending home sales fell by 0.8% in June, continuing a trend of small declines despite increasing inventory. The drop in June reflects a sluggish, rate-constrained housing market, with all regions except the Northeast posting declines mont... more
Aug 1, 2025 10:23 AM
— Housing Market
Home Prices Still Rising Year-Over-Year, But Momentum Is Fading
Both the FHFA and Case‑Shiller released data showing monthly declines in home price appreciation, indicating a deceleration in the housing market. The decline was most significant in the Middle Atlantic region, while other regions saw modest gains. Despite year-over-year price increases, the pace of growth is slowing down. Seasonally adjusted data reveals underlying weaknesses in the market.
Jul 31, 2025 1:24 PM
— Interest Rates
What Does July's Data Suggest About Friday's Jobs Report?
The article discusses a table consolidating results from various economic reports and historical data related to nonfarm payrolls (NFP) to determine the likelihood of NFP moving higher or lower in tomorrow's data. Credit is given to BMO's US Rates Strategy desk for compiling this data.
Jul 31, 2025 1:23 PM
— Bond Markets
Month-End Volatility Erodes Modest Gains
Bonds were slightly stronger overnight and remained relatively stable despite morning economic data. Both stocks and bonds pared long positions in the afternoon, resulting in losses during typical closing times. Despite giving up overnight gains, bonds stayed close to 'unchanged' levels as they headed into Friday's big jobs report.
Jul 31, 2025 12:23 PM
— Mortgage Rates
Mortgage Rates Hold Near July Lows Ahead of Jobs Report
Mortgage rates remained stable as bond market improved in the morning, staying close to yesterday's levels. Tomorrow's job report is crucial for rates, with potential for an increase if job growth is strong.
Jul 31, 2025 8:24 AM
— Mortgage Lenders
Processing, HELOC Tools; FEMA and Detention Center Funding; Freddie's Net Worth Hits $65 Billion
The Mortgage Bankers Association reports that HELOCs are popular but take too long to close, a company called NFTYDoor offers faster closing times. Credit rating agencies are starting to accept reduced scope reviews for rated home equity securitizations. Tropos is a digital mortgage solution that allows for customization. Timely communication is important among different generations of borrowers. ... more
Jul 31, 2025 7:24 AM
— Bond Markets
No Whammies From PCE
The PCE Price Index for June was released, with core monthly PCE coming in lower than expected. Despite this, bonds are holding modest overnight gains due to lower jobless claims and higher employment costs.
Jul 30, 2025 2:24 PM
— Interest Rates
Markets Expected More Dovishness From Powell
The article discusses how data such as GDP and PCE prices impacted bond markets, and the focus on Fed Chair Powell's press conference. Powell did not give any indication of rate cuts, leading to lower odds for near-term cuts in Fed Funds Futures. This led to a modest impact on bonds, with 10yr yields remaining in line with morning highs and the trend remaining sideways.
Jul 30, 2025 1:24 PM
— Mortgage Rates
Mortgage Rates Sideways to Slightly Lower
Wednesday saw a rise in volatility for rates due to economic reports showing stronger employment and higher GDP growth. The increase in the PCE price index was particularly concerning for rates. The Fed's policy announcement did not change the bigger picture, but lowered expectations for Fed rate cuts. Mortgage rates remained mostly unchanged.
Jul 30, 2025 8:23 AM
— Mortgage Lenders
Jumbo, Non-QM Products; STRATMOR on Servicing Strategy; Fannie and Redwood Earnings; LO Comp Rule
The article discusses various updates in the mortgage industry, including changes in lending programs, a webinar on co-marketing strategies, and the closing of a large securitization. It also mentions recent financial results from Fannie Mae and Redwood Trust, as well as updates on the capital markets and Treasury auctions.
Jul 30, 2025 6:53 AM
— Bond Markets
Deceptively Strong GDP Causing Early (Possibly Unjustified) Weakness
Two key reports were released at the start of trading: ADP data and GDP. ADP data showed moderate job growth, while GDP beat expectations. However, bonds are trading GDP beat despite the fact that true domestic demand metrics are falling. Core PCE prices were higher than expected, increasing the risk of tomorrow's PCE data being hotter. Bonds have only partially erased yesterday's gains and the Fe... more
Jul 29, 2025 2:24 PM
— Bond Markets
Bonds Firing on All Cylinders After Data and Treasury Supply
The bond market experienced a flow state on Tuesday with steady buying after economic data, a strong 7-yr auction, and additional buying after the auction. Buyers seemed encouraged by friendly data and Treasury supply timing, with yesterday's auctions not benefiting from updated Treasury borrowing estimates. By the time of today's 7-yr auction, buyers felt confident after knowing the quarterly ref... more
Jul 29, 2025 12:24 PM
— Interest Rates
Mortgage Rates Moving Down Again
After staying flat for three days, average 30yr fixed rates began to move lower again on Tuesday. The bond market improved throughout the day, leading to a potential further decrease in rates for tomorrow. However, the bond market could shift in either direction tomorrow morning, with potential volatility from economic reports and the Fed announcement in the afternoon.
Jul 29, 2025 10:24 AM
— Bond Markets
Relatively Friendly Labor Market Data Adding to Overnight Gains
Bonds are trading in a boring, narrowing, sideways range overall, but saw some improvement in the morning session. Economic data showed slight declines in job openings and quits, which is seen as a positive for rates. The labor market indicator also showed a decrease in the gap between those who see jobs as plentiful vs scarce.
Jul 29, 2025 8:24 AM
— Housing Market
Hedging, Borrower Experience; LOs Controlling Their Funnel; Housing and Inflation Numbers
ICE Mortgage Technology estimated that U.S. mortgage borrowers had $11.5 trillion in 'tappable' home equity in the second quarter of 2025, with refinance applications making up 40%. The housing market inventory has increased, but fewer homes have been built in the past decade compared to previous ones, leading to concerns about overpopulation. Additionally, there are record numbers of down payment... more
Jul 28, 2025 1:01 PM
— Bond Markets
A No Reaction Sort of Day
There were no major economic reports on Monday, but events like Treasury auctions and borrowing estimates for Q3 and Q4 were expected to potentially influence the market. However, there was no significant reaction to these events, and mortgage-backed securities and 10-year yields remained relatively stable.
Jul 28, 2025 1:00 PM
— Mortgage Rates
Mortgage Rates Hold Perfectly Flat to Start New Week
Monday in the mortgage rate world saw little movement due to the lack of major economic data. Although there were some scheduled events like Treasury auctions and borrowing estimates, the market remained mostly unaffected by these factors.
Jul 28, 2025 9:00 AM
— Housing Market
Warehouse, MSR Financing, Productivity Tools; Training and Webinars; ABA Interview
The article discusses the varied impacts of weather on different regions of the United States, leading to challenges for lenders and servicers in the real estate market. It also highlights how real estate values in areas like Florida, Phoenix, and Las Vegas can be subject to significant fluctuations, affecting Loan-to-Value ratios. Moreover, it mentions the increasing share of U.S. homes being pur... more
Jul 28, 2025 8:00 AM
— Bond Markets
Slowest Day of a Very Busy Week
Despite the announcement of a US-EU bilateral trade deal, markets have not moved significantly. 10yr yields were briefly lower but are now slightly higher, possibly due to cautiousness surrounding US/China negotiations. This week features two big Treasury auctions a day earlier than normal, along with upcoming economic data releases and a Fed announcement. Rates have stagnated around 4.5% since la... more
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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.
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.