Mortgage News
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News for: Scotsman Guide
Showing 1 - 24 of 142 results
Apr 14, 2026 2:34 PM
— Housing Market
Average new mortgage payments dip to $1,942, but Gen Z buyers feel the squeeze
The average monthly payment on a new U.S. mortgage decreased slightly to $1,942 in 2025, but 1 in 4 new borrowers are still spending at least 30% of their income on housing costs. Younger buyers, particularly Generation Z, are facing higher payment burdens. California metros have the highest payments, while affordable markets in the Midwest and South saw payment increases. Despite some declines, a... more
Apr 14, 2026 1:35 PM
— Mortgage Lenders
Non-QM, FHA channels power March mortgage lock volumes
Mortgage rate-lock activity increased by 13% in March compared to the previous month, with purchase demand remaining strong despite higher borrowing costs. Adjustable-rate mortgages reached their highest production share since late 2022. Refinance share of lock volumes decreased to 28% as mortgage rates increased. Origination share shifted towards government-insured and nonconforming loans, away f... more
Apr 11, 2026 8:32 AM
— Mortgage Market Activity
Spring homebuyers shrug off volatility as purchase lock volumes rise in March
In March, the residential mortgage market saw a significant increase in total lock volume, driven by a surge in purchase applications and a rise in home equity borrowing. While purchase activity remained strong, rate-sensitive borrowers decreased their refinancing activity due to rising rates. Despite market volatility, the purchase market showed impressive strength heading into spring. Overall, t... more
Apr 9, 2026 10:33 AM
— Mortgage Credit Availability
Mortgage credit availability posts growth in March: MBA
In March, the availability of mortgage credit increased, with jumbo loan programs expanding for the third consecutive month and streamline refinance programs widening for lower credit score borrowers. The Mortgage Credit Availability Index (MCAI) increased 1.1% from February to March. While mortgage credit access eased, average mortgage rates for 30-year home loans increased from the high-5% range... more
Apr 8, 2026 8:31 AM
— Mortgage Rates
Refinance mortgage demand hits multimonth lows in early April
Purchase mortgage applications declined below year-ago levels at the end of March and early April due to higher mortgage rates and economic uncertainty. Refinance applications dropped significantly, with many potential borrowers unable to refinance. The average mortgage rate for 30-year loans rose to 6.46%, marking the fifth consecutive week of increase. FHA purchase mortgage applications increase... more
Apr 7, 2026 4:31 PM
— Mortgage Rates
Lock-in effect lingers as sub-6% mortgage holders refuse to give up their rates
The article highlights the impact of mortgage rates on different segments of homeowners. It discusses how those with rates below 6% are unwilling to give up their rates, while those with rates at 6% or higher are facing financial anxiety and regret. Many high-rate borrowers have had to cut back on retirement savings to manage monthly payments, and a significant portion feel anxious about their mor... more
Apr 7, 2026 8:32 AM
— Mortgage Lenders
Mortgage broker groups team up in D.C. to push shared policy priorities
The NAMB and BAC are teaming up to bring shared policy priorities to legislators, focusing on credit report reform to reduce credit report costs. The partnership aims to educate brokers on advocating for this reform and presenting a unified front in Washington to address the needs of mortgage brokers nationwide.
Apr 6, 2026 4:32 PM
— Housing Market
Distressed FHA loans drive spiking delinquency rates
While national mortgage delinquency rates remain below pre-pandemic levels, serious delinquencies are at their highest since 2018 due to a decline in loan cure activity, primarily in the FHA lending segment. Affordability gains have been eroded by a recent increase in 30-year mortgage rates, but most markets are still more affordable than a year ago. Housing inventory is increasing, with significa... more
Apr 6, 2026 1:34 PM
— Housing Market
Jump in pending home listings defies March rise in mortgage rates
Despite climbing mortgage rates, the share of newly pending listings hit their highest levels in March over the past five years. Mortgage affordability took a hit as typical mortgage payments rose and average mortgage rates increased due to global energy and trade shocks. However, homebuying enthusiasm remained strong in March, signaling a turning point in the market. Resilient housing demand was ... more
Apr 2, 2026 10:33 AM
— Mortgage Rates
30-year mortgage rates rise for the fifth straight week
Mortgage rates have been increasing for multiple consecutive weeks, with the 30-year fixed-rate reaching 6.46% and the 15-year rate at 5.77%. As a result, potential homebuyers are advised to shop around for the best rates. The increase in rates, combined with high gasoline prices due to the war in Iran, has resulted in a decrease in overall mortgage demand, with both purchase applications and refi... more
Apr 2, 2026 9:33 AM
— Housing Market
Geopolitical uncertainty threatens otherwise promising spring housing market
The U.S. housing market has shown promise for a rebound this spring, with lower prices and more inventory, but climbing mortgage rates and geopolitical tensions could impact the buying season. Despite the increase in mortgage rates, buyers are in a more favorable position than in previous years. Sellers are adjusting their pricing strategies, resulting in fewer price reductions and a more stable m... more
Apr 1, 2026 12:31 PM
— Mortgage Lending
Meet Scotsman Guide’s 2026 Top Originators
Rate's Shant Banosian topped the list of Scotsman Guide Top Originators by closing more than $1 billion in loan volume last year. Mark Cohen was the runner-up with $933.7 million closed. The top 150 originators closed a total of $36.3 billion in loans in 2025, with an average of 66% purchases, 29% refinances, and 4% second mortgages. Scotsman Guide also recognized the Top Private Originators, with... more
Apr 1, 2026 10:37 AM
— Mortgage Rates
Rising mortgage rates push application volumes down 10.4% in late March
U.S. mortgage application volumes dropped significantly in the final week of March as 30-year mortgage rates reached their highest level since last August. Refinance market took a hit, with volumes down more than 40% compared to the previous month. Purchase demand also decreased slightly.
Apr 1, 2026 4:37 AM
— Mortgage Lenders
2025 Most Loans Closed
Scotsman Guide has been ranking the nation's top-producing residential mortgage originators since 2010. The rankings are widely regarded as the industry's gold standard for recognizing individual achievement and top-tier performance, based on the previous year's production numbers.
Mar 31, 2026 4:34 PM
— Mortgage Lenders
2025 Top Overall Lenders
The Scotsman Guide's Top Mortgage Lenders rankings have been setting the standard for excellence in residential lending since 2013. The rankings are based on the previous year's production numbers and are recognized for their credibility and leadership in the mortgage space.
Mar 26, 2026 2:33 PM
— Mortgage Rates
Mortgage application payments decreased last month, but March may tell a different story
In February, national median mortgage payments for purchase applicants decreased, showing improved affordability. The Mortgage Bankers Association reported a drop in the median payment to $2,061, down from the previous month and significantly lower than the prior year. This decrease in payments was attributed to lower mortgage rates and steady income growth. However, there is concern that this win... more
Mar 26, 2026 12:34 PM
— Mortgage Rates
Mortgage rates surge as bond markets reel from global energy crisis
Mortgage rates have increased significantly in March, with the 30-year fixed-rate mortgage reaching 6.38%. Rates remain lower than the previous year but have been on a steady upward trend in the past month, closely following U.S. Treasury yields. The increase in borrowing costs has resulted in decreased mortgage demand, with application volumes falling significantly.
Mar 26, 2026 10:34 AM
— Mortgage Lenders
Commercial and multifamily mortgage debt nears $5 trillion at the close of 2025
The level of outstanding commercial and multifamily mortgage debt in the U.S. reached nearly $5 trillion at the end of 2025, with sustained activity from government-sponsored enterprises like Fannie Mae and Freddie Mac driving the growth. While total debt rose by 1.5% in the fourth quarter, commercial and multifamily debt increased by 4.5% year-over-year. Despite macroeconomic headwinds, the real ... more
Mar 25, 2026 10:33 AM
— Interest Rates
Mortgage applications tumble 10.5% as 30-year rate hits highest level since October
U.S. mortgage application activity dropped significantly in late March due to climbing interest rates, leading to decreased demand for both homebuying and refinancing. The average contract interest rate for a 30-year fixed-rate mortgage increased to its highest level since October 2025, causing borrowers to shift towards adjustable-rate mortgages for payment relief.
Mar 25, 2026 9:33 AM
— Mortgage Rates
Iran war crushes refinance demand in March
Mortgage rates went from multiyear lows in February to multimonth highs in March due to heightened economic volatility. Global crisis, energy shock, and inflationary pressures are impacting interest rates and mortgage industry. Refinance demand has slowed, impacting new loan production.
Mar 24, 2026 9:31 AM
— Commercial Mortgages
Commercial mortgage performance remains ‘mixed’ in fourth quarter
The Mortgage Bankers Association reported that commercial and multifamily mortgage performance was 'mixed' for major investor groups in the fourth quarter. CMBS delinquency rates remained high, while delinquency rates for Fannie Mae and Freddie Mac moved in opposite directions. Delinquency rates for commercial mortgages held by banks and thrifts plateaued, while life insurance company portfolios s... more
Mar 20, 2026 10:29 AM
— Housing Market
New-home mortgage applications dip in February amid buyer caution
Purchase mortgage applications for newly constructed homes weakened in February, despite easing mortgage rates and an abundance of new-home inventory. The decline in new-home application volumes was attributed to macroeconomic uncertainty and a weakening job market. New-home sales were higher than last year, but official figures differ from MBA estimates due to different methods of data collection... more
Mar 18, 2026 6:33 PM
— Loan Production Expenses
Independent mortgage banks finish 2025 in the black, despite quarterly profit dip
Independent mortgage banks and mortgage subsidiaries of chartered banks ended 2025 with a pretax net production profit of $674 per loan in the fourth quarter, a decrease from the previous quarter. Despite this, overall production volumes rose. Loan production expenses remained flat in the final quarter of 2025 compared to the prior quarter, but costs remain historically high. Loan balances increas... more
Mar 18, 2026 5:02 AM
— Interest Rates
Mortgage applications plunge as 30-year rates hit four-month high
U.S. mortgage application volumes dropped 10.9% as a spike in interest rates led to a decline in refinancing activity. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.3%, the highest rate since December 2025. Refinance applications dropped 19%, with conventional refinance applications falling 27%. However, the market for home purchases saw a slight increase in ac... more
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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.