Mortgage News
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News for: Scotsman Guide
Showing 73 - 96 of 142 results
Jan 27, 2026 10:31 AM
— Housing Market
Home purchase cancellations are soaring, even in ‘buyer-friendly’ markets
The housing market in 2026 is shifting towards buyers, with more breathing room and options available. However, home purchase cancellations hit a record high of 16.3% in December. Buyer-friendly markets like Indianapolis are emerging with affordable prices, reduced competition, and forecasted home value appreciation. Buyers are becoming more selective, leading to high cancellation rates even in fa... more
Jan 24, 2026 9:32 AM
— Federal Reserve Chair Nominees
Rick Rieder overtakes Kevin Warsh in next Fed chair odds
Rick Rieder, a BlackRock fixed-income executive, has emerged as the favorite candidate for Federal Reserve chair, with odds of nomination at around 48%. His surge in popularity is due to positive comments made by President Trump. Rieder's extensive experience in the financial industry and status as a Washington outsider may be appealing to Trump.
Jan 22, 2026 3:31 PM
— Mortgage Lenders
Forbearance starts more than double in October as refinance market shifts
The number of homeowners entering forbearance plans on loans backed by Fannie Mae or Freddie Mac doubled in October, with serious delinquency rates staying steady. The report also shows a shift in the refinance market, with cash-out refinances decreasing as borrowers prioritize rate-and-term benefits. The FHFA completed over 17,000 foreclosure prevention actions in October, with permanent loan mod... more
Jan 22, 2026 5:33 AM
— Mortgage Rates
Trump fumbles on housing affordability in closely watched Davos speech
President Donald Trump did not announce any new proposals to address U.S. homebuyer affordability during his speech at the World Economic Forum. He reiterated his plan for Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities and to restrict sales of single-family homes to large institutional investors. However, housing economists believe these proposals will do little ... more
Jan 22, 2026 5:31 AM
— Mortgage Regulations
MBA sends White House a list of easy wins on mortgage costs
The Mortgage Bankers Association, along with other financial services trade organizations, delivered a letter outlining three near-term actions to the White House's National Economic Council. These actions aim to lower costs for mortgage borrowers by reducing regulations and fees. The letter emphasizes the need to simplify regulations to make mortgage origination and servicing more affordable.
Jan 21, 2026 8:03 AM
— Mortgage Rates
Mortgage applications gain momentum on easing rates
Mortgage refinance demand rose to its highest level since September, prompting a double-digit increase in home loan applications for the second consecutive week. The activity has been driven by lower mortgage rates, with the average contract interest rates dropping for both conventional and FHA loans. Refinance applications have surged compared to the same time last year, while purchase applicatio... more
Jan 18, 2026 5:31 AM
— Housing Market
Minneapolis mortgage brokers say federal intervention could freeze spring homebuying
Federal agents from Immigration and Customs Enforcement (ICE) have been conducting operations in Minneapolis and St. Paul, leading to clashes with protesters and an increased federal presence due to investigations into social services fraud. The federal government has also launched a fair housing investigation into Minneapolis housing policies, sparking concerns about the impact on the housing mar... more
Jan 17, 2026 6:31 AM
— Housing Market
Trump housing plan to allow use of 401(k) funds for downpayments
Kevin Hassett, a White House economic adviser, hinted at the Trump administration's plans to improve housing affordability, including allowing homebuyers to use their 401(k) funds for down payments. The proposal is aimed at helping first-time buyers without punitive consequences.
Jan 16, 2026 7:31 PM
— Housing Market
Small landlords control the buy-for-rent market, not the mega-investors targeted by Trump
Despite the rising investor purchase share of single-family homes, the majority of investor-owned homes are held by small investors with fewer than 11 properties. Large investors owning 1,000 homes or more only represent 2.1% of all investor-owned stock. The elevated share of investor purchases is attributed to demand for DSCR loans commonly used to finance rental purchases. This trend has helped ... more
Jan 16, 2026 4:33 AM
— Mortgage Rates
Freddie Mac: 30-year mortgage rates fall to lowest point in three years
The average rate for a 30-year fixed-rate mortgage has dropped to 6.06%, its lowest level in over three years, leading to increased market participation and mortgage applications. This drop in rates is expected to benefit both buyers and current owners, with the housing market poised for a strong spring sales season.
Jan 16, 2026 4:33 AM
— Housing Market
Will Fannie and Freddie’s bond-buying spree derail IPO plans?
Bill Pulte suggests a decision on Fannie Mae and Freddie Mac IPO will be made soon, but Trump's $200 billion MBS directive is likely to delay it. Marty Green believes the MBS announcement decreases the chances of companies being released from federal conservatorship soon. Green also thinks the initiative will be part of a broader housing affordability push, impacting mortgage rates.
Jan 14, 2026 7:48 AM
— Mortgage Rates
Mortgage applications jump following MBS purchase proposal
Mortgage demand spiked after Fannie Mae and Freddie Mac announced they would purchase up to $200 billion in mortgage-backed securities to subsidize rates at President Trump's direction. The Market Composite Index jumped 28.5% on a seasonally adjusted basis, leading to a surge in refinance applications and an increase in purchase buyers. Interest rates for 30-year fixed-rate mortgages fell, leading... more
Jan 14, 2026 4:35 AM
— Interest Rates
Fed’s inflation fight collides with Trump’s power play on monetary policy
The Federal Reserve's battle against inflation remained steady in December, with consumer prices rising. The report was softer than expected, and the Fed chair faces criminal probes over renovations, which the President denies involvement in. Interest rates have been cut to stimulate job creation, but have not led to significant growth. Trump's desire for lower interest rates is in conflict with F... more
Jan 13, 2026 12:31 PM
— Housing Market
New-home construction stalls as policy inertia compounds
New residential construction in the US slowed in October due to a government shutdown, with housing starts falling by 4.6% from September. Various factors like policy disputes, decreased revenues, and increased use of incentives by home builders have contributed to a gloomy outlook for the new-home construction market conditions in 2026.
Jan 12, 2026 4:34 AM
— Mortgage Rates
Labor market clenches jaw ahead of Fed’s January meeting
The December unemployment rate improved slightly to 4.4% with a gain of 50,000 jobs. The data suggests a stable labor market that is unlikely to crumble soon. Job gains in December were modest compared to earlier estimates, with retail trade losing jobs but gains seen in food services, health care, and social assistance. Economists predict subdued job growth. The report indicates no urgency for ad... more
Jan 12, 2026 4:34 AM
— Interest Rates
Fed Chair Powell fights back against grand jury subpoena in unprecedented public statement
The Federal Reserve and Chairman Jerome Powell have been hit with grand jury subpoenas by the Department of Justice over testimony on a renovation project. Powell alleged that the threat of criminal charges is due to the Fed setting benchmark interest rates higher than preferred by President Trump. The controversy involves cost overruns on the Fed's headquarters renovation project, which grew to $... more
Jan 10, 2026 4:31 AM
— Mortgage Rates
Mortgage rates dip below 6% following Trump’s $200B bond buy proposal
U.S. mortgage rates fell below 6% following a directive for Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This drop in rates could increase affordability for homebuyers. Industry experts caution that the long-term impact will depend on execution and other factors like inflation and the Federal Reserve's policy. For now, buyers have an advantage due to more home... more
Jan 9, 2026 4:28 PM
— Mortgage Lending
CFPB hikes HMDA exemption threshold for 2026
The Consumer Financial Protection Bureau (CFPB) has raised the exemption threshold for financial institutions required to report mortgage loan-level information under the Home Mortgage Disclosure Act. Banks, savings associations, and credit unions with assets of $59 million or less are exempt from collecting loan-level data in 2026. The threshold for establishing an escrow account for higher-price... more
Jan 9, 2026 2:06 PM
— Mortgage Rates
Mortgage rate locks drop sharply on protracted uncertainty
Rate-lock volumes slowed in December, declining by nearly 19% overall due to borrowers navigating lingering uncertainty from the government shutdown and a mortgage-rate environment that has yet to improve. Annual lock volumes remained higher than last December, with total locks up nearly 30%. Mortgage rates have settled into the low sixes, with expectations indicating easing in the second quarter ... more
Jan 9, 2026 11:22 AM
— Housing Market
Monthly housing payments hit two-year low as mortgage rates slide
U.S. housing payments have dropped to their lowest level in two years due to a decline in mortgage rates, but this hasn't led to a significant increase in homebuyer activity. Pending home sales have decreased, possibly affected by a holiday lull and winter weather. Despite lower mortgage rates, new listings are down, keeping supply tight. However, real estate professionals are seeing early signs o... more
Jan 9, 2026 7:31 AM
— Mortgage Lenders
FHFA director: Trump to decide on Fannie and Freddie IPO in a ‘month or two’
Federal Housing Finance Agency (FHFA) Director Bill Pulte stated that President Trump is expected to make a decision within the next month or two regarding a potential stock offering for Fannie Mae and Freddie Mac through an initial public offering process. The IPOs are part of a broader strategy to address housing affordability challenges. Fannie and Freddie play a crucial role in providing liqui... more
Jan 8, 2026 7:31 PM
— Mortgage Rates
Pulte confirms Fannie and Freddie will buy $200 billion of mortgage bonds, per Trump’s instructions
President Trump proclaimed on social media that he will instruct Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds to lower mortgage rates and monthly payments. The head of the Federal Housing Finance Agency confirmed the plan. Trump also announced plans to ban large institutional investors from buying single-family homes to improve housing affordability. The concept of Fannie and F... more
Jan 8, 2026 5:31 PM
— Mortgage Lending
A real estate investor ban would yank the price floor out of the housing market
President Trump's proposal to ban institutional investors from purchasing single-family homes could lead to plummeting home prices in regional hubs, destabilizing the residential mortgage lending industry. Most investor-owned single-family homes are actually controlled by small-time entrepreneurs with 1 to 5 properties, while mega-investors only own 2.1% of the single-family inventory nationwide. ... more
Jan 8, 2026 12:45 PM
— Mortgage Rates
Freddie Mac data shows 30-year mortgage rate hovering near 6% to start 2026
The 30-year fixed-rate mortgage averaged 6.16% for the week ending Jan. 8, remaining flat to start the year. Mortgage rates are hovering close to the 6% mark, leading to improving residential demand. Despite a decrease in mortgage applications during the holiday season, refinance activity increased due to lower rates.
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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.