Mortgage News
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News for: Mortgage News Daily
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Jun 26, 2025 2:00 PM
— Bond Markets
The Trend is Friendly For Now
Bonds have shifted from range-bound to trending lower in yield over the past few days, with today being a confirmation of that shift. Despite yields being at the lowest levels in more than a month, there was solid 7yr Treasury auction today. The data wasn't a huge factor in today's improvement, but there are underlying reasons for the vigor in bonds.
Jun 26, 2025 12:01 PM
— Mortgage Rates
Mortgage Rate Winning Streak Continues
Mortgage rates have been dropping since June 6th, with the 30yr fixed index moving down almost 0.25%. Today's gains further contributed to the drop of 0.07%. The market is shifting to expect a lower path for the Fed Funds Rate, benefiting both rates and stocks. The winning streak for mortgage rates is currently at 5 days, with potential for a bounce in the future.
Jun 26, 2025 7:00 AM
— Bond Markets
Tons of Data, But Not a Ton of Movement
Despite a busy economic calendar with significant reports such as Durable Goods and GDP, trading volume fell short compared to past sessions. Mixed signals in the data have led to a neutral stance for the day.
Jun 25, 2025 2:00 PM
— Bond Markets
Mid Day Reversal Leaves Bonds Slightly Stronger
Bond market experienced light selling pressure initially but bond buyers were able to regain control in the afternoon. The Fed's announcement of changes to banking rules also provided some support to the market. Yields closed at their lowest levels since May 7th.
Jun 25, 2025 2:00 PM
— Mortgage Lending
TBA Trading, Servicing Compliance, Digital Marketing, DPA Products; Bank M&A Continues
The article discusses various topics such as AI, mortgage lending, down payment assistance programs, and space exploration. It highlights the importance of AI in the lending industry, the benefits of HELOCs for borrowers, the evolution of the housing market with automation and AI, and the development of new programs to help borrowers. Additionally, it mentions improvements in pricing for non-agenc... more
Jun 25, 2025 12:00 PM
— Mortgage Rates
Lowest Rates in Over 2 Months
The average top tier 30yr fixed mortgage rate has dropped to the lowest levels since April 4th due to two days of modest improvement. April 4th marked a significant point as rates had sharply increased after that date due to a strong jobs report and tariff concerns. Yesterday's bond market strength led to further improvement in mortgage rates, with lenders issuing mid-day reprices in response.
Jun 25, 2025 8:00 AM
— Bond Markets
Lighter Calendar and Light Selling
Bonds are pausing today after reaching the best levels in more than a month. The event calendar is not very impactful, with the main source of potential volatility being the afternoon's 5yr Treasury auction.
Jun 24, 2025 2:00 PM
— Bond Markets
Solid Response to Data and Dovishness
The morning commentary highlighted Jerome Powell's relatively dovish tone in congressional testimony, which provided hope for low rates. Another important development was the labor differential in the Consumer Confidence Index, indicating challenging labor market conditions post-covid lockdowns. Bonds rallied early and closed with incremental gains. MBS were up 9 ticks and 10yr down 5.3bps.
Jun 24, 2025 12:00 PM
— Mortgage Rates
Mortgage Rates Lowest Since April
Mortgage rates fell to the best levels since early May, reaching even lower rates than the end of April. The improvement in rates was due to the weak labor market conditions highlighted by the Consumer Confidence Index and Fed Chair Powell's testimony indicating a softer tone on potential rate cuts.
Jun 24, 2025 12:00 PM
— Housing Market
Home Prices Fell More Than Expected in April
Both FHFA and Case-Shiller home price indices show a shift in the housing market, with prices rising if seasonality is ignored but down 0.4% from March when adjusted. Regional variations exist, with some divisions experiencing falls and others rises. Overall, home price growth is decelerating, with the smallest annual gain since mid-2023. The data suggests a continued cooling of the market.
Jun 24, 2025 8:00 AM
— Interest Rates
Rally Continues as Powell Shows a Path to Rate Cuts
Federal Reserve Chairman Powell's remarks during congressional testimony suggest a potential for rate cuts in the near future if data on tariffs does not show up in June.
Jun 23, 2025 2:00 PM
— Mortgage Rates
Best Closing Levels in More Than a Month
Mortgage rates have decreased to the best levels since the first week of May. The improvement is attributed to the shift in Fed Funds Rate expectations after comments from Bowman, increasing anticipation for Fed Chair Powell's congressional testimony.
Jun 23, 2025 12:00 PM
— Interest Rates
Mortgage Rates Lowest Since May 1st
Mortgage rates ended the week at their best levels since May 1st, with a small improvement marking it official. Bond market trading levels played a significant role in these rates, with several factors impacting them such as U.S. involvement in conflicts between Israel and Iran and comments by Fed Vice Chair Bowman hinting at potential rate cuts in July.
Jun 23, 2025 9:00 AM
— Mortgage Industry Transformations and Innovations
HELOCs and 2nds, Doc Tracking, Execution, POS, Webinars and Training; Rates Steady Despite Iran Conflict
The mortgage industry is adapting to changing market conditions, with a focus on reducing origination costs while still pursuing profitability. Despite challenges, most mortgages are currently performing well, with a decrease in delinquencies. Various companies are offering services and products to streamline processes for lenders and improve borrower experiences, such as automating document class... more
Jun 23, 2025 8:00 AM
— Bond Markets
Bonds Don't Always React to War Like You'd Expect
Long-time bond watchers generally believe that war leads to increased global economic uncertainty, driving safe-haven demand for US Treasuries and helping rates. However, the recent Russia/Ukraine conflict resulted in a paradoxical spike in rates due to inflation implications. Despite anticipation of a similar risk with oil prices over the weekend, there was no significant reaction in bonds. As th... more
Jun 21, 2025 5:03 AM
— Mortgage Lenders
Digital HELOC, Appraisal Review Products; Background AI; Hurricane Season is Here; Rates Holding Steady
The article covers various topics related to IT news, payment stubs, products and services for brokers and lenders, Federal Reserve decisions, acquisitions in the mortgage industry, and updates on the Atlantic hurricane season. It also discusses FEMA appointments, property insurance costs, and disaster declarations in states affected by severe weather.
Jun 21, 2025 5:02 AM
— Housing Market
Homebuilder Sentiment Just a Bit Gloomier
Builder sentiment declined for the second consecutive month according to the NAHB and Wells Fargo's HMI. All components of the index, including current sales conditions, sales expectations, and buyer traffic, decreased. Builders are facing challenges due to high mortgage rates and material costs, resulting in increased price reductions and incentives to attract buyers.
Jun 21, 2025 5:02 AM
— Bond Markets
Unofficial 4 Day Weekend
Trading sessions without many participants, like the Friday after Thanksgiving, are often uneventful with markets trading in narrow ranges. Even on holidays like Juneteenth, the market continues to trade within the same old range in a predictable pattern.
Jun 21, 2025 5:02 AM
— Mortgage Rates
Mortgage Applications Slip Despite Lower Rates
Mortgage application activity decreased despite lower rates, with refinance applications falling 2% but still higher than last year. Purchase applications also declined, showing the fragile sentiment in the housing market. Average 30-year fixed rates dropped to 6.84%, the lowest since April, with minimal volatility recently. Refinance share increased slightly to 37.3% of total applications, while ... more
Jun 21, 2025 5:02 AM
— Interest Rates
Underwhelming (But Friendly) Conclusion
This week did not offer much excitement in the mortgage market as rates remained near the lower end of recent ranges. Bond yields initially looked like they may rise, but reversed course after dovish comments from Fed's Waller and a beneficial European close. Overall, rates were moderately weaker overnight, bounced back slightly after morning data, and ended the day in modestly stronger territory.
Jun 20, 2025 11:00 AM
— Housing Market
Housing Starts Slide in May, But Single-Family Holds Steady
The latest Residential Construction report from the Census Bureau showed a drop in overall housing starts in May, but single-family activity had a small gain. Building permits also declined, with multifamily starts seeing the sharpest drop. Single-family starts edged up slightly and housing completions increased. Overall, the report indicates a slight cooling in new construction momentum.
Jun 20, 2025 10:00 AM
— Mortgage Rates
Mortgage Rates Hold Steady
Banks and mortgage bond markets were closed on a federal holiday, so mortgage lenders were unable to update rates, though rates have remained steady. Over the past 3 days, average rates have fallen slightly, keeping them close to the lowest levels since April 4th.
Jun 18, 2025 3:00 PM
— Bond Markets
Fed Threads Needle of Apathy
The Federal Reserve's updated dot plot was released with minimal impact on the bond market initially. However, after Fed Chair Powell suggested waiting a couple of months to make a decision, there was a slight increase in bond yields. Overall, the Fed managed to maintain market apathy despite the dot plot release.
Jun 18, 2025 2:00 PM
— Mortgage Rates
Remarkable Absence of Mortgage Rate Volatility
Mortgage rates remained almost unchanged after a recent Fed 'dot plot' day, indicating indecision in the market and among Fed members. The dot plot shows where each Fed member sees the Fed Funds Rate in the next few years and can cause volatility in financial markets. Despite the Fed not cutting rates, the dots had no harmful effect on rates, and the bond market was flat to slightly stronger on th... 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.
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