New dangers in looming shutdown: How lenders can prepare
A potential government shutdown could create unprecedented risks for housing, delaying data releases, and affecting markets more than past shutdowns.
Mortgage rates
Fed cuts but only some mortgage rates are moving lower
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
New-home mortgage applications slow after two-month surge
New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
Mortgage rates sink with FOMC cuts on the horizon
The 30-year conforming fixed rate mortgage ended this week at its lowest since last Oct. 17, helped by bond traders pricing in a reduction in short-term rates.
Mortgage rates hit 10-month low as Powell hints at Fed cut
The 30-year fixed rate mortgage fell 2 basis points this week, Freddie Mac said, but other sources like Zillow and Lender Price reported larger drops.
Higher mortgage rates slow refi application volume
The increase in purchase volume was not enough to offset the drop in refinance application submissions as conventional rates increased week-over-week.
Chase formally reenters HELOC business after five years
The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.
Mortgage-Treasury spread at narrowest point in three years
While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.
Fannie Mae cuts outlook for 2025–26 home sales
Fannie Mae economists toned down their housing and economic outlook in August, predicting fewer home sales and less mortgage origination volume versus July.
Sumerlin says Fed would need to stop cuts if 10-year yields rose
Last year the Fed cut its benchmark rate by 50 basis points in September, and went on to lower rates twice more, even as 10-year Treasury yields rose.
Real estate investor sentiment up despite economic worries
Real estate investor sentiment bounced back from two quarters of decline, but lingering fears around tariffs, interest rates still weigh on many buyers' minds
By
Jarrod Barry
Mortgage rates move lower on inflation, employment news
The 30-year fixed rate mortgage fell by 5 basis points, with the Consumer Price Index showing muted inflation and jobs data still influencing the market.
Economists now leaning towards September Fed cut
Approximately 60% of economists surveyed by Wolters Kluwer believe the Federal Open Market Committee will act at its next meeting with a 25 basis point cut.
Weak jobs data boosts odds of mortgage rate drop
Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
Why mortgage rates are trapped in a narrow range
The 30-year fixed rate stayed within a narrow range throughout most of July, with forecasts likely to leave the housing market "stuck," said one economist.
Fannie Mae cuts rate forecast, raises volume outlook
Fannie Mae also foresees more home sales than it did in June, but the Mortgage Bankers Association reduced its origination projections for 2025.
Mortgage rates rise as investors react to inflation news
For the second consecutive week mortgage rates moved higher, as the likelihood of the Federal Reserve acting diminished after the Consumer Price Index report.
Mortgage rates turn upward on strong jobs data
The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.
ARMs tripled at banks over past decade
Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.
Refi applications soar as homeowners seize on lower rates
Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
By
Jarrod Barry
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