Mortgage News
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News for: Mortgage News Daily
Showing 721 - 744 of 839 results
Jun 4, 2025 3:24 PM
— Interest Rates
Big Bond Rally After ADP and ISM
Weak economic data, including ADP Employment and ISM Services reports, led to improvements in rates and yields. The market reacted positively to the data, with MBS and 10yr yields experiencing gains. However, if the upcoming jobs report does not agree with the ISM data, bonds may have to give back some of the gains.
Jun 4, 2025 2:23 PM
— Mortgage Rates
Biggest Daily Drop For Mortgage Rates in Over a Month
Mortgage rates have dropped, with the average lender now offering rates that are about an eighth of a percent lower in just over a week. Today's average top tier 30yr fixed rate is down to 6.87% from 6.96% yesterday, marking the best single day drop since mid April. Economic data, particularly concerning the labor market and service sector, are influencing these rate changes.
Jun 4, 2025 9:00 AM
— Housing Market
MBS Pooling, HELOC, Verification Tools; Listings Hit All-Time High; Marginal Costs to Produce a Loan
The housing market in the US is currently facing an inventory surplus with home sellers sitting on nearly $700 billion worth of listings, an all-time high. There are nearly 500,000 more sellers than buyers, leading to potential impacts on home prices. The NAR Chief Economist predicts an increase in existing and new home sales, along with a rise in median home prices and mortgage rates in the comin... more
Jun 4, 2025 8:24 AM
— Bond Markets
JOLTS Data Didn't Help, But it Didn't Hurt Much Either
Bond market showed moderate strength overnight, weakened after Job Openings data was released but recovered in the afternoon. Headlines about the Senate taking up the budget bill did not have a significant impact on the bond market. Overall, bonds closed roughly unchanged. Next focus is on ISM Services data. 10yr yields ended slightly higher at 4.47, MBS slightly down, but there was a decent recov... more
Jun 4, 2025 8:23 AM
— Bond Markets
Weaker Econ Data. Lower Yields
The bond market had a simple morning as key economic reports came in weaker than expected. ADP employment numbers were significantly lower than forecasted, while ISM Services data showed weaker growth metrics but an increase in the employment index. The ISM price index also continues to rise, catching the attention of the bond market.
Jun 3, 2025 1:00 PM
— Interest Rates
Uneventful Day For Mortgage Rates
Economic reports, like the Job Openings and Labor Turnover Survey (JOLTS), have the potential to influence mortgage rates. Despite some volatility, the mixed message from the JOLTS report ultimately led to rates staying in line with the previous day's levels.
Jun 3, 2025 9:00 AM
— Mortgage Lending
Borrower Psychology, Marketing, DSCR, AUS for Non-QM; Note on LO Strategy; Supply Manager's Telling Comments
The article discusses the importance of listening in the mortgage industry, various mortgage-related workshops, settlement solutions by ICE Mortgage Technology, an upfront Automated Underwriting System for non-QM lending by Prudent AI, and upcoming industry events and services.
Jun 3, 2025 8:00 AM
— Interest Rates
Fed and Data Temper Overnight Rally
10yr yields dropped modestly to 4.41. Resistance is expected at these levels if there is no data-based inspiration. We are seeing weakness after stronger job openings figures and hawkish comments from Fed's Bostic.
Jun 2, 2025 4:00 PM
— Bond Markets
New Month Selling Trumps ISM Data
The bond market experienced some excess strength due to month-end trading last week, resulting in the lowest yields of the day. However, the yields were still targeted by sellers leading to a modest correction at the beginning of a new month. Despite the correction, yields remained towards the lower end of the recent range.
Jun 2, 2025 1:01 PM
— Mortgage Rates
Mortgage Rates Edge Higher to Start Busy Week
Mortgage rates have remained stable around just under 7% since last Tuesday. The average lender saw a slight increase from last Friday, but rates are still hovering around 7%. Economic data, such as the Manufacturing report from ISM, has had a minimal effect on rates so far.
Jun 2, 2025 9:01 AM
— Mortgage Rates
POS, Borrower Interface, Ops, Verification Tools; Conv. Conforming News
The article discusses various factors affecting mortgage rates, such as inflation, wage increases, potential privatization of Freddie Mac and Fannie Mae, and the impact on mortgage rates. It also covers upcoming webinars, product offerings for lenders, and a proposal to make Common Securitization Solutions a regulated public utility to enhance efficiency in the housing finance system.
Jun 2, 2025 8:01 AM
— Bond Markets
Softer Start Despite Tame ISM Manufacturing Data
The ISM Manufacturing PMI report has the potential to influence the bond market, with today's weaker result helping bonds avoid additional weakness. 10yr yields are slightly lower, hovering around 4.45%, as investors await more data.
May 31, 2025 3:02 AM
— Housing Market
Home Prices Falling or Growing Less Quickly?
Both FHFA and Case Shiller released home price data showing positive month-to-month movement, but with long-term trends indicating a decline in the pace of home price appreciation. However, Case Shiller's seasonally adjusted numbers revealed a national decline in prices, the first negative reading since early 2023, raising concerns about the housing market.
May 31, 2025 3:02 AM
— Mortgage Rates
Purchase and Refi Demand Diverge Again
Mortgage rates reached their highest level since January, with the 30-year fixed rate increasing to 6.98%. Refinance demand dropped by 7%, while purchase applications rose by 3%. Overall, purchases are up 18% compared to the same time last year, while refis are up 37%, although the year-over-year gap is narrowing. There was a welcome drop in daily rates at the start of the new week.
May 31, 2025 3:02 AM
— Housing Market
Pending Home Sales Slip, But the Broader Story Remains the Same
The National Association of Realtors' Pending Home Sales Index has been stagnant for over two years due to affordability constraints and elevated mortgage rates. April saw a 6.3% drop in pending sales, with the index hitting its third-lowest level on record. Despite regional variations, the overall trend remains one of stagnation with higher mortgage rates being the biggest hurdle for both buyers ... more
May 31, 2025 3:01 AM
— Bond Markets
Strongest Close of the Week After Well-Contained Month-End Volatility
Today's economic data had little impact as it met expectations. Month-end trading environment likely influenced bond market, resulting in bonds reaching strongest levels of the week by a small margin.
May 30, 2025 12:00 PM
— Mortgage Rates
Another Small Victory For Mortgage Rates
Mortgage rates have remained relatively stable this week, with a slight decrease in the average top tier 30yr fixed rate. Most movement occurred on Tuesday morning after the holiday weekend, with minimal changes since then. Economic data did not have a significant impact on rates, with inflation data being in line with expectations.
May 30, 2025 9:00 AM
— Mortgage Lenders
Correspondent DPA, Home Equity Products; Training and Webinars in June; STRATMOR on Navigating DC
The article discusses various products and services related to mortgages, such as Flyhomes Instant Equity, Aven Broker Program, Click n' Close Down Payment Assistance programs, and the launch of the Chrisman Marketplace. It also mentions upcoming events and webinars related to mortgage news and trends.
May 30, 2025 6:00 AM
— Interest Rates
Ho-Hum PCE Inflation Data Leaves Focus on Month-End Trading
Today's PCE Price Index is a consumer inflation report that is bigger and broader than CPI, but tends to have a smaller reaction in the market due to its staleness and lower surprise potential. Traders are more interested in the inflation narrative over the next 6 months, particularly with tariff policy stabilization and price pressure passing through. Bonds may be influenced by month-end trading ... more
May 29, 2025 2:01 PM
— Mortgage Rates
Bonds Hold Morning Gains; No Reaction to Tariff Headlines
The markets reacted to tariff headlines, with tariffs back in effect pending further review by the court. Traders expect the administration to find ways around any attempted block. Tepid economic data and a well-received 7-year Treasury auction added mildly to the gains. Mortgage-Backed Securities (MBS) and 10-year Treasury yields saw slight improvements.
May 29, 2025 1:00 PM
— Bond Markets
Mortgage Rates Move Slightly Lower After Today's Data
There was behind-the-scenes volatility in the bond market today, but it had a minimal impact on mortgage lenders. The bond market initially weakened due to news on tariffs, but reversed after the release of weak economic data. The weaker data was good for bonds and rates, leading to a modest drop in the average conventional 30yr fixed rate.
May 29, 2025 9:01 AM
— Housing Market
AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues
There is uncertainty surrounding the potential privatization of Freddie Mac and Fannie Mae, with differing opinions and potential plans coming from government officials. Additionally, there are discussions on retirement, tech solutions for lenders, and mergers and acquisitions in the industry.
May 29, 2025 8:00 AM
— Bond Markets
Overnight Trading Makes No Guarantees
Overnight trading initially reacted to news of a U.S. trade court blocking Trump tariffs, but the markets quickly reversed course the following morning. Bond traders do not believe the court ruling will have a lasting impact on tariff policy. Economic data released in the morning also contributed to the reversal, with weaker claims and GDP numbers.
May 29, 2025 7:01 AM
— Bond Markets
Minimal Movement Amid Absence of Data
The bond market had a fairly uneventful session, with the 5yr Treasury auction resulting in little change. Traders sold off before the auction and bought back in afterwards. The Federal Reserve Minutes did not have much impact on market volatility. Economic data in the coming days may influence market movement, along with month-end trading potentially causing significant swings for unknown reasons... more
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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.