Mortgage News
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News for: Mortgage News Daily
Showing 769 - 792 of 857 results
May 27, 2025 8:00 AM
— Mortgage Lenders
Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast Interview
The current Administration has been quick to terminate employees in various government departments, including the Agencies. The Supreme Court upheld the President's power to fire government agency members without good cause but spared the Federal Reserve. In other legal news, a Hawaiian woman pleaded guilty to defrauding her mortgage lender and the IRS.
May 24, 2025 4:00 AM
— Housing Market
No Major Change For Existing Home Sales
Existing home sales were at the highest levels in a year two months ago but have since declined to 5-month lows. The latest data shows a slight decrease to 6-month lows, with some regions seeing a decrease in sales while others remained unchanged or increased. Overall, housing inventory has increased, median prices have gone up, and the time on the market has decreased compared to the previous mon... more
May 24, 2025 3:01 AM
— Bond Markets
A Little Early Excitement
Bonds initially reacted to Trump comments on raising EU tariffs, causing movements in the market. However, by the end of the day, stocks and bonds were moving back in the opposite direction, ending with modest gains. The day concluded with slightly weaker levels compared to the past 3 months.
May 24, 2025 3:01 AM
— Mortgage Rates
Mortgage Demand Impacted by Rising Rates
Mortgage rates rose to their highest levels since February last week, leading to a slowdown in both purchase and refinance applications. Despite the increase in rates, purchase applications are up 13 percent from the previous year. The Mortgage Bankers Association's surveyed rates also showed increases in various loan types.
May 24, 2025 3:01 AM
— Housing Market
New Home Sales at 3 Year High, Maybe...
The Census Bureau reported that New Home Sales for April exceeded expectations at 743k, marking one of the best months in the past 3 years. Sales are good or better than pre-pandemic levels. However, last month's numbers were revised lower, prompting caution for future assessments.
May 23, 2025 11:00 AM
— Mortgage Lenders
Servicing With AI, Borrower Portal, 2nd Lien Products; Bill Pulte, Freddie, and Fannie News
The article discusses recent news about FHFA Director Bill Pulte and the implications of releasing Freddie Mac and Fannie Mae from conservatorship. It also mentions regulatory uncertainty, innovative financial products for homebuyers, and technology advancements in the mortgage industry.
May 23, 2025 10:01 AM
— Mortgage Rates
Mortgage Rates Lower Again Today, But Still Higher on The Week
The bond market closed 3 hours earlier than usual, limiting potential intraday rate changes in the mortgage market. Overnight, there was a slight improvement in rates, but they remained above 7%. While 7% rates are not new, they haven't been seen regularly in the past few months.
May 23, 2025 8:01 AM
— Trade Deal Impact on Mortgage Rates
Wait... So Tariffs Are Good or Bad For Bonds Now?
The article discusses Trump's recommendation of a 50% tariff on the EU, which caused a risk-off trade with stock and bond yields dropping. Despite some confusion regarding the impact of tariffs on bonds in the past, the reaction function has returned to a stance where higher tariffs are good for bonds and bad for stocks.
May 22, 2025 2:02 PM
— Bond Markets
Slightly Stronger Because Not Every Day Can be Weaker
Bond yields have been trending higher in May but experienced gains due to sellers taking a break. The gains were not driven by data or fiscal news, but possibly due to position-squaring before a holiday weekend. 10yr bond yields were down slightly in MBS.
May 22, 2025 12:00 PM
— Mortgage Rates
Mortgage Rates Edge Down From Recent Highs, But Remain Over 7%
Mortgage rates reached their highest level in over 3 months due to concerns about the impact of the spending bill on Treasury issuance and fiscal spending. Despite the bill passing the House, the Senate's delay in getting it to the President's desk allowed markets to pause and reflect. Some investors find yields on US Treasuries increasingly appealing, which could put downward pressure on rates as... more
May 22, 2025 9:00 AM
— Mortgage Lending
Non-QM, QC Trends, Past Borrower Mining Tools; House Passes Spending Bill; Webinars Through Month-End
The article discusses the impact of the 'Sell America' trade in financial markets on rates and borrowers, highlighting concerns over rising government debt and interest payments in the U.S. The IMF lowered its US growth forecast due to trade tensions, and political decisions are influencing lending practices. The article also mentions the importance of reducing tech costs for mortgage lenders thro... more
May 22, 2025 7:00 AM
— Bond Markets
Conspicuous Absence of Volatility After Data and Spending Bill Vote
The passage of the spending bill in the House led to only a modest extension of losses in stocks and bonds, as they had already been pricing it in throughout the week. Yields recovered into positive territory before the morning economic data release and have not changed much since then. Overall, there was surprisingly low volatility considering the news and lack of economic data for the week.
May 21, 2025 3:01 PM
— Bond Markets
Treasury Auction Blamed as Bond Vigilantes' Smoking Gun
The bond market experienced some volatility due to the 20-year auction, resulting in selling in both stocks and bonds. However, the auction was not as significant as the market reaction suggested.
May 21, 2025 1:00 PM
— Mortgage Rates
Mortgage Rates Move Up to 3 Month Highs
Mortgage rates started the day at 7.05%, worsened throughout the day due to weak bond market performance after a 20yr Treasury bond auction with lower demand than expected. Updates on the budget debate in congress also contributed to negative sentiment. As a result, mortgage rates increased to 7.08%, the highest closing level in over 3 months.
May 21, 2025 8:01 AM
— Bond Markets
Nothing For Bonds to Trade But Fiscal Disillusionment
Despite a lack of relevant economic data and the impending holiday weekend affecting participation and increasing potential volatility, bonds are feeling disillusioned with the fiscal outlook as congress debates spending. Yields have been in a short-term range since the US/China tariff pause but are now being pushed towards the top of that range due to fiscal disillusionment.
May 20, 2025 3:00 PM
— Bond Markets
Ultimately Sort of Flat if You Use Your Imagination
Bonds were relatively flat today with 10yr yields up slightly. There was modest volatility in the morning due to budget headlines, but overall, the market is waiting for more significant news to impact bond yields.
May 20, 2025 2:00 PM
— Mortgage Rates
Mortgage Rates Hold Steady Near Recent Highs
Mortgage rates remained steady despite some market volatility, with lenders making positive adjustments to keep the average rate under 7% by the end of the day. Different lenders may have slightly different rates depending on when you look, but most should be close to their highest rate offering of the past month by the end of the day.
May 20, 2025 9:02 AM
— Mortgage Lending
Automation Pilot; MBA Pooling, Marketing, Cyber Insurance, Processing Tools; MBA Open Door Auction
The article discusses trends in mortgage compensation, potential consolidation in the residential mortgage business, and projections for the mortgage market in terms of dollar volume and units. It also highlights various software, products, and services available to lenders to enhance their operations, as well as events and webinars related to mortgage lending.
May 20, 2025 7:00 AM
— Bond Markets
Budget Battle Hitting Bonds Amid Empty Calendar
The bond market is experiencing movement cues from sources other than economic data, such as corporate bond issuance and budget battle news. Bonds are protesting a lack of fiscal restraint and are concerned about potential higher Treasury issuance.
May 19, 2025 2:01 PM
— Bond Markets
(Un)Surprising Reversal After Initial Weakness
The market initially had a knee-jerk reaction to Moody's US credit rating downgrade, leading to sharp losses in stocks and bonds. However, the overall impact was limited as other rating agencies had already downgraded the US credit rating. Bonds ended the day weaker compared to the previous week but stronger compared to immediately after the Moody's news.
May 19, 2025 12:00 PM
— Mortgage Rates
Mortgage Rates Briefly Over 7% Before Mid-Day Improvement
Mortgage rates increased sharply over the weekend due to Moody's credit rating downgrade of the U.S., causing bond market weakness and higher mortgage rates. Most lenders set their rates between 9am-10am ET, resulting in rates over 7% for the first time in months. However, rates began to decrease later in the day, returning closer to the previous week's range.
May 19, 2025 8:00 AM
— Housing Market
POS, LOS, HELOC, Legal Products; IMB Per Loan is Still a Loss; Lower Rates vs. Debt and Inflation
The article discusses various topics related to the mortgage industry, including issues such as the impact of Moody's cutting the credit quality of the United States on lending rates, the potential effects of tariffs on the housing market, and various new products and services offered to lenders and brokers. It also highlights the challenges faced by some companies in the industry and discusses ho... more
May 19, 2025 6:00 AM
— Interest Rates
Global Bond Audience is Booing US Fiscal Performance
Moody's announcement of the US credit rating cut led to minimal impact as the market was already aware of the issues. The real concern lies in the lack of a sustainable fiscal path for the US government.
May 17, 2025 11:00 AM
— Housing Market
Housing Starts Buoyed By Multi-Family Sector
The Census Bureau's monthly construction numbers for April showed an uptick in construction activity offset by slightly lower permitting. Housing starts were only slightly higher than the previous month, with single unit starts dropping and multifamily starts surging to the highest level since late 2023. Despite some gloomy metrics in the housing and mortgage market, the construction data remains ... 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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