Investor share of single-family market supported by smallest buyers
The segment demonstrated sustained resilience in the third quarter, growing its share of the market each month amid rate volatility, according to Corelogic.
Originations
Mortgage rates end 2023 with 9 straight weekly drops
But the decline may be close to its floor, as wide spreads compared to 10-year Treasury yields hinder how far averages could fall.
Home price growth slows but should keep rising in 2024
Values declined in two regions and were flat in two others, according to the Federal Housing Finance Agency.
Home prices extend records, rising for a ninth straight month
The S&P CoreLogic Case-Shiller index measures a period when 30-year mortgage rates were climbing toward 8%, shutting out increasing numbers of would-be homebuyers.
Lower mortgage rates motivating consumers
Rates that have been below 7% for two consecutive weeks have given originators a gift at what's typically a slow time of year, Freddie Mac said.
Mortgage application volumes slow for first time since October
Activity fell despite an ongoing slide in rates, but elevated interest in VA loans, particularly refinances, managed to lift the government-sponsored index higher by a fraction, the Mortgage Bankers Association said.
Senior borrowing, home equity set records
The outstanding amount that people ages 62 and up hold represented a nearly $15.4 billion gain in property value offset by a record $2.32 billion in borrowing.
Navy Federal faces lawsuit, allegations of racial bias in mortgage lending
The lawsuit accuses Navy Federal of violating the Fair Housing Act and the Equal Credit Opportunity Act after a CNN report that the lender approved a lower percentage of Black and Latino mortgage applicants.
Fannie Mae still expects downturn, in spite of Fed’s actions
The enterprise is now calling for a recession to start in the second quarter of next year, with negative growth expected for the full year.
Mortgage rates likely to keep declining in the near-term
The Fed's announcement is responsible for a 19 basis point drop in the 10-year yield over a two-day period, pushing the 30-year fixed under 7% for the first time since August, Freddie Mac said.
Mortgage application volumes rise for sixth straight week
Falling interest rates are behind a recent spike in government-backed lending as well as refinances, according to the Mortgage Bankers Association.
Mortgage credit tightens for first time in four months
Decreasing availability of jumbo and non-QM products accounted for most of November's pullback, as other types of loan offerings saw minimal changes, the Mortgage Bankers Association said.
Mortgage job cuts slow their pace of decline
While home lending employment fell, a stronger-than-expected report on the broader labor market immediately raised concerns about the potential for higher interest rates.
Mortgage rates drop closer to 7%
Recent economic data pushed investors toward Treasurys over the past week, driving 10-year yields to as low as 4.1%.
Refinance applications surge to 2-month high
Heightened government-backed activity also helped bring the average loan size down to its lowest mark in 2023, with purchase amounts falling below $400,000 for the first time since January, the Mortgage Bankers Association found.
Mortgage rates will decline further, economic signs indicate
The 30-year average declined for the fifth consecutive week, as purchase demand picking up at the same time, according to Freddie Mac.
Mortgage apps see fourth straight weekly gain
Rising purchase activity countered falling refinances, as declining interest rates helped bring some aspiring buyers to market, the Mortgage Bankers Association said.
New-home sales fall as high mortgage rates weigh on demand
Purchases of new single-family homes decreased 5.6% to a 679,000 annualized pace last month, government data showed Monday.
Mortgage rates slide — but not enough to alleviate housing crunch
Even if the 30-year fixed were to slip further to 6.4%, it is not enough to end the seller's strike, economists said.
UWM, Guaranteed Rate, Loandepot roll out new initiatives
Also, Wells Fargo, Finance of America entered into partnerships affecting real estate tax and cybersecurity solutions.
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