MBA: Homebuyer Affordability Decreased in November Due to Higher Mortgage Rates
Homebuyer affordability decreased in November compared with October, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI), which measures how new...
Matador Lending Now Offering Calque’s Trade-In Mortgage
Matador Lending is the latest mortgage company to offer Calque's The Trade-In Mortgage, a loan option that allows homeowners to utilize the equity in...
Freddie Mac: Mortgage Rates Crept Up This Week
Mortgage rates crept up this week, as the average rate for a 30-year fixed-rate mortgage increased to 6.72%, up from last week when it...
Existing-Home Sales Jumped in November
Existing-home sales increased 4.8% in November compared with October and were up 6.1% compared with November 2023, according to the National Association of Realtors...
Fed Cuts Rates 0.25 Percent, as Anticipated
Citing that economic activity has continued to expand at a solid pace, the Federal Open Market Committee (FOMC) today voted to cut the fed...
Housing Starts Dropped in November But Permits Were Up
Housing starts decreased 1.8% in November compared with October to a seasonally adjusted annual rate of 1.289 million, according to estimates from the U.S....
Mortgage Applications Finally Dipped Last Week After Increasing for Five Weeks
Mortgage application volume dipped 0.7% during the week ended December 13, as the average rate for a 30-year, fixed-rate mortgage increased to 6.75%, up...
NAHB: Home Builder Sentiment Low in December But There is Some Optimism
Home builder sentiment was neither up nor down in December, remaining basically flat compared with November, at a score of 46 on the National...
Zillow Lists the Most Popular Cities of 2024
Manchester, New Hampshire is Zillow's most popular city of 2024.
The largest city in the state, Manchester has seen growing interest among home shoppers, Zillow...
Click n’ Close Hires Jeff Raich as a Sales Director in Correspondent Lending
Jeff Raich has joined mortgage lender Click n' Close as a national sales director in correspondent lending.
Raich has more than 20 years of mortgage...
Applications for New Home Purchases Fell in November
Applications for mortgages for new home purchases plummeted 12% in November compared with October, due to higher mortgage rates, but were up 7.2% compared...
First Home Mortgage Appoints Matt Nader President
Matt Nader is the new president for First Home Mortgage, a full-service residential mortgage lender.
Nader joined First Home Mortgage in 2018 as a loan...
Fannie Mae: Housing Market in 2025 ‘Will Look a Lot Like 2024’
With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its...
A&D Mortgage Prices Non-QM Securitization
A&D Mortgage has priced its latest securitization, a $303.9 million transaction backed by 872 newly originated non-prime residential mortgages.
Atlas Merchant Capital and Imperial Fund...
‘Silver Tsunami’ May Not Boost Housing Market as Much as Some Expect
As Baby Boomers age out of their homes, will it help create enough inventory to boost the housing market?
As per a recent report from...
Flagstar Promotes Lee Smith to Senior Executive Vice President and CFO
Lee Smith has been promoted to senior executive vice president and chief financial officer at Flagstar Financial.
The appointment follows the decision of current CFO...
NAR Unveils 10 Top Housing Hot Spots for 2025
The National Association of Realtors (NAR) has unveiled its 10 Top Housing Hot Spots for 2025, which uses economic, demographic and housing factors to...
Blue Sage Becomes First LOS to Fully Integrate Fannie Mae Income Calculator
Mortgage technology provider Blue Sage Solutions reports that it is the first loan origination system (LOS) to fully integrate Fannie Mae's Income Calculator.
This API-enabled...
Mortgage Rates Fell for a Third Straight Week
Mortgage rates decreased for a third straight week as the average rate for a 30-year fixed-rate mortgage dropped to 6.6%, down from 6.69% last...
Mortgage Lock Volume Fell 15 Percent in November on Higher Rates
Mortgage lock volume plummeted 15% in November compared with October, as rates increased, according to Mortgage Capital Trading (MCT).
While the market exhibited relative stability...