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.
Mortgages
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.
Jumbos, ARMs drive uptick in credit availability
July's growth in products correspond with a noticeable rise in new applications for adjustable-rate mortgages as borrowers respond to recent rate movements.
Companies squeeze in more bond sales before summer lull sets in
Oneok plans to sell three-part, dollar-denominated senior unsecured notes while BMW is looking to price dollar-denominated debt in a four-tranche offering.
Senators propose natural-disaster mortgage relief bill
The Senate bill would make forbearance available to homeowners directly impacted by extreme-weather events, including 2025 California wildfire victims.
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.
Trump asks bank CEOs to pitch on Fannie, Freddie stock offerings
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday for their firms. Trump is asking for chief executive officers for their pitches on monetizing mortgage giants Fannie Mae and Freddie Mac, including a major […]
Trump to set new tariffs before midnight, White House says
President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said.
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.
Average mortgage payment dips, easing buyer strain
New homebuyers found mortgages more affordable last month amid growing supply and softer prices nationwide, new data from the MBA finds.
By
Jarrod Barry
Home equity products set to grow in 2025, 2026, study finds
As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.
By
Jarrod Barry
FHFA set to end equitable housing finance plans for GSEs
The agency has a proposed repeal in place, getting ready to be made public on July 28, which would rescind another Biden-era fair housing policy.
Private flood insurance growing as federal coverage recedes
Numbers on use and performance point to potential for nonpublic insurers to take on a greater role but also suggest there are limits to it, Fitch Ratings found.
New ruling answers legacy mortgage bond servicing question
The case pitted high-profile senior-tranche investors like PIMCO against junior bondholders the interpretation of contracts that predated later policy changes.
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.
HEI platform Unlock receives $250M in capital support
The agreement with D2 Asset Management doubles the firm's previous commitment to Unlock, as current economic trends provide momentum for the growing sector.
Rithm Capital inks $1.5B deal for investor loans
A "large institutional investor" will provide funding to assist Rithm in acquiring as much as $1.5 billion worth of residential transition loans.
What’s behind the increase in housing inventory?
Housing supply is returning to pre-pandemic levels, but the rise comes as new listings fall, pointing to subdued demand, leading real estate brokerages said.
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