MBA: Homebuyer Affordability Improved in July
The national median payment applied for by purchase applicants decreased to $2,140, down from from $2,167 in June, according to the Mortgage Bankers Association's...
Pending Home Sales Fell to Lowest Level on Record in July
Pending home sales decreased 5.5% in July compared with June and were down 8.5% compared with July 2023, as mortgage rates and home prices...
The Trade-In Mortgage From Calque Now Being Offered by Mid Florida Mortgage Professionals
Mid Florida Mortgage Professionals is now offering The Trade-In Mortgage from Calque to its borrowers.
The loan solution allows homeowners to leverage the equity in...
Mortgage Application Volume Inched Up Last Week as Rates Dipped
Mortgage application volume rose 0.5% last week as the average rate for a 30-year mortgage decreased to 6.44%, down from 6.5% the previous week,...
Borrower Down Payment Hits All-Time High
A new report from Redfin says the typical down payment for U.S. homebuyers hit a record high of $67,500 in June, up 14.8% from...
Case-Shiller: Home Prices Eked Out a 0.2 Percent Increase in June
U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is...
Home Affordability Improved Slightly in July
Home affordability got a bit better in July - but not enough to improve homebuyer sentiment, according to the latest Real House Price Index...
Sparrow Mortgage Now Offering The Trade-In Mortgage From Calque
Calque and The Trade-In Mortgage have announced 20 new lenders in 2024.
The latest is Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts,...
New Home Sales Increased 10.6 Percent in July
New home sales in July were at a seasonally adjusted annual rate of 739,000, an increase of 10.6% compared with June and up 5.6%...
Informative Research Taps Steve Schulz as EVP of Product Management
Steve Schulz has joined Informative Research as the new executive vice president of product management.
Schulz has more than 20 years of experience in information...
Mortgage Machine Now Integrated with Vice Capital Markets
Mortgage hedge advisory firm Vice Capital Markets has completed its integration with Mortgage Machine, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate...
Mortgage Rates Flat This Week, With 30-Year at Around 6.46 Percent
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage hovering around 6.46%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Increased in July but Remain ‘Sluggish’
After decreasing for four consecutive months, existing-home sales finally turned the corner and grew 1.3% in July compared with June to a seasonally adjusted...
Sundeep Mathur: Mortgage Lenders Must Ensure Their Use of AI is ‘Compliant and Responsible’
PERSON OF THE WEEK: As the mortgage lending industry rushes to leverage advanced AI, there are tenets that should be kept in mind to...
U.S. Home Prices Increased 0.3 Percent in July But Have Turned Negative in Certain...
Home prices increased 0.3% nationally in July compared with June and were up 5.3% compared with July 2023, according to First American’s home price...
Mortgage Applications Stabilize Following Market Volatility
Mortgage application volume dropped 10.1% during the week ended August 16, despite mortgage rates dipping slightly lower, according to the Mortgage Bankers Association’s (MBA)...
ICE Rolls Out Improvements to Encompass Mortgage Lending Platform
Intercontinental Exchange Inc. (ICE) has released new enhancements to its Encompass digital mortgage lending platform designed to help lenders improve productivity and lower operational...
Applications for New Home Purchases Jump 9 Percent in July After Sinking in June
Applications for mortgages for new home purchases increased 9% in July compared the June and were up 9.4% compared with July 2023, according to...
Housing Starts Slipped in July as Higher Mortgage Rates Continued to Sap Demand
Housing starts slumped 6.8% in July compared with June and were down 16.0% compared with July 2023, according to the U.S. Census Bureau and...
Mortgage Rates Basically Flat This Week with 30-Year Hovering Around 6.5 Percent
Mortgage rates held steady this week, with the average rate for a 30-year, fixed-rate mortgage at 6.49%, up slightly from 6.47% last week, according...