Mortgage rates creep closer to 7%: Freddie Mac
However, both Zillow's and Optimal Blue put the 30-year fixed mortgage lower than where it was seven days prior.
Originations
Mortgage lenders sticking to tight underwriting standards, MBA finds
The Mortgage Bankers Association attributes this to muted demand for home purchases and companies trimming their operations.
Annual home price growth hits lowest rate since 2012
Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.
Mortgage jobs inch up, broader employment and rate outlook mixed
The May uptick in nonbank housing-finance payrolls came almost entirely from lender hiring as loan broker numbers plateaued and construction demand persisted.
Mortgage rates zoom up to highest point this year
A resilient U.S. economy, lingering inflation and comments from the Federal Reserve contributed to a 10-basis-point hike in the 30-year fixed rate, Freddie Mac said.
Nonbanks lost mortgage share but still dominated the market in ’22
Some pandemic-related gains have been ceded to depositories, national numbers from last year's Home Mortgage Disclosure Act reporting confirm.
Adjustable rate mortgage production is flourishing
The loans accounted for 18.6% of conventional single-family dollar volume in April, quadrupling its share of business at the peak of the refinance boom, according to Corelogic.
Fannie Mae sees tightening ahead but leaves housing forecast unchanged
Researchers at the government-sponsored enterprise also maintained their outlook for a modest recession but moved anticipated onset to the fourth quarter this year.
Mortgage rates tick down for a third week
The markets had a muted reaction to the Federal Open Market Committee pause on raising short-term rates a week ago, Freddie Mac found.
With recession still expected, MBA cuts origination forecast
But the Mortgage Bankers Association also raised the dollar volume that it predicts the purchase market will originate this year.
Mortgage application activity squeezes out small weekly increase
Both loan volumes and interest rates came in mostly flat, but the jumbo average ran ahead of the conforming for the second week in a row, the Mortgage Bankers Association said.
Credit scores similar whether from two or three bureaus S&P finds
The findings from Standard & Poor's show little impact from the Federal Housing Finance Agency's proposal regarding what information is required to underwrite a conforming mortgage.
Fed’s ‘skip’ points to slower hikes, a longer wait for shift in rates
Monetary policy officials have finally gone a month without tightening but made it clear more action could lie ahead, suggesting it could be awhile before housing finance costs consistently fall.
Seasonal jump in housing interest reverses
A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.
HomeServices of America takes additional stake in Title Resources
The Berkshire Hathaway unit first invested in the underwriter in May 2022. Previously it was wholly owned by Realogy.
Mortgage rates rise in spite of debt ceiling resolution
A change in investor sentiment toward an expected pause by the Fed in short-term rate hikes was the driving force behind the current surge, Freddie Mac said.
Home price growth cools to 4% in 1Q
But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.
Average monthly mortgage payment rises for fourth consecutive month
Home purchasers had to come up with 0.9% more in April versus what they would have paid in March and 11.8% higher on a year-over-year basis, the Mortgage Bankers Association said.
New-home lending increases for third straight month
The Mortgage Bankers Association sees the likelihood of a rise in sales activity later this year based on recent construction trends, in a turnaround from the 2022 market.
Modest recession still more likely than soft landing: Fannie Mae
The government-sponsored enterprise only tweaked the two-year mortgage origination forecast, with a $6 billion reduction for 2023, but an increase of $7 billion for 2024.
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