MBA: Homebuyer Affordability Continued to Decrease in April
Homebuyer affordability decreased slightly in April, falling 0.6% to a score of 163.0 on the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI).
That’s...
Mortgage Rates Continue to Edge Up, With Average Rate for 30-Year Now Almost at...
Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage (FRM) reaching 6.89%, up from 6.86% last week,...
Pending Home Sales Sank 6.3 Percent in April, Subdued by Higher Mortgage Rates
Pending home sales fell 6.3% in April compared with March and were down 2% compared with April 2024, according to the National Association of...
Rate Hires 20-Year Mortgage Veteran Amy Dolan to Cover Philadelphia
Amy Dolan, a 20-year mortgage veteran, has joined Rate as a new loan officer serving the greater Philadelphia area.
With more than two decades of...
Arrive Home Launches Two New Earned Equity Products
Arrive Home, a national affordable housing program in the lending space that offers down payment assistance and innovative credit solutions for responsible borrowers across...
Case-Shiller: Home Price Growth Turned Negative Month-Over-Month in March
Despite increased inventory, U.S. home prices posted a decrease of -0.3% in March compared with February but were up year-over-year, according to the S&P...
Mortgage Applications Edged Down Last Week as 30-Year Rises to Nearly 7 Percent
Mortgage application volume dipped 1.2% during the week ended May 23, as the average rate for a 30-year, fixed-rate mortgage increased to 6.98%, up...
Typical U.S. Luxury Home Sold for $1.35 Million in April
The typical U.S. luxury home sold for a near-record $1,348,065 in April, up 6.5% from a year earlier, according to a report from Redfin.
For...
New Home Sales Jumped 10.9 Percent in April
New home sales in April were at a seasonally-adjusted annual rate of 743,000, an increase of 10.9% compared with March and up 3.3% compared...
Fannie Mae: Mortgage Originations Will Reach $1.99 Trillion in 2025
Mortgage originations will rise to $1.99 trillion in 2025 and $2.38 trillion in 2026, according to the latest economic outlook from Fannie Mae.
That’s up...
Westcor Land Title Insurance Co. Taps Liz Dunlap as an Agency Representative
Liz Dunlap has joined Westcor Land Title Insurance Company as an agency representative.
Dunlap has been in the industry since 2001 and understands the challenges...
Next Level Education Acquires Summit Mortgage Training
Next Level Education, a training provider dedicated to empowering mortgage professionals through education and industry-leading expertise, has acquired Summit Mortgage Training, which delivers pre-licensing...
Mortgage Rates Edge Up Again But 30-Year Still Below 7 Percent
Mortgage rates edged up for a second week, as the average rate for a 30-year fixed-rate mortgage reached 6.86%, up from 6.81% last week,...
Guaranteed Rate Affinity Announces Two Key Hires
'Dino Guadagnino has joined Guaranteed Rate Affinity as regional vice president of reverse mortgages.
In addition, Kevin Dilday has returned to the company as area...
Existing-Home Sales Decreased Slightly in April
Existing-home sales were at a seasonally adjusted annual rate of about 4.00 million in April, down 0.5% compared with March and down 2.0% compared...
Study Shows How Important Technology Has Become for Mortgage Lenders
A new joint study by HFS Research and Cognizant shows how important technology has become for mortgage lenders and predicts that Agentic AI will...
Argyle Integrates With Byte LOS to Provide Lenders With Real-Time Income and Employment Verification
Argyle, which offers automated income and employment verifications, has launched a new integration that brings real-time income and employment verification to Byte LOS customers.
The...
Mortgage Applications Decreased 5.1 Percent Last Week on Higher Rates
Mortgage application volume fell 5.1% during the week ended May 16, as the average rate for a 30-year fixed-rate mortgage increased to 6.92%, up...
Cloudvirga Now Integrated With the Encompass Docs Solution
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, is now integrated with the Encompass Docs Solution, using the latest API framework for mortgage technology...
Zillow: Inventory of Homes for Sale is Up Nearly 20 Percent From a Year...
Inventory of homes for sale surged 19.6% in April compared with April 2024 - and new listings were up 7.6% - but it hardly...