January 3, 2025
Mortgage rates might ride up and down in January and finish lower than where they started, like a road trip that begins in the mountains and ends at the beach. January is dominated by a change in presidential administrations, which… Continue Reading…
From dwindling mall occupancy at Santa Monica Place to downsizing office tenants on Silicon Beach, commercial borrowers found themselves in hot water as their loans came due in 2024. Landlords in Los Angeles and Orange counties started the year with… Continue Reading…
The Mortgage Bankers Association (MBA) didn’t publish updated weekly application numbers last week, which meant that this week’s data had to play catch up with any changes in market conditions. Even as early as December 18th–the last time the application… Continue Reading…
President-elect Donald Trump is set to make some big moves when he takes office on Jan. 20. Reportedly, Trump plans to privatize two of the largest government-owned mortgage companies, Fannie Mae and Freddie Mac. This risky step was emphasized by… Continue Reading…
Keefe, Bruyette & Woods is more bullish on the mortgage market for 2025 than other industry prognosticators, although it also notes total volume will remain below industry norms. Any production activity recovery will be further delayed past this year because… Continue Reading…
Today’s mortgage rates So far, it’s “new year, new me” for mortgage rates as most loan types decreased for the second straight day. It’s welcomed news for borrowers since rates ended 2024 on the upswing. Though today’s market data more… Continue Reading…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. -In its lawsuit against Better Home & Finance, Luminate Home Loans filed last week to request a temporary restraining… Continue Reading…
Buyers Go Quietly Into Year-End: Mortgage Demand Falls After Rates Tick Higher Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Mortgage applications declined 0.7% last week – the first drop in… Continue Reading…
What a difference a year makes. Toward the end of 2023, mortgage rates fell nearly 150 basis points to ring in the New Year. Meanwhile, mortgage rates jumped about 100 basis points to close out 2024. Ouch! In other words,… Continue Reading…
“The simplest way to present this program is actually the purchase,” he said. “I think we’ve missed that over the years. And in fact, those of us in the reverse business, including myself, miscategorize the reverse for purchase as something… Continue Reading…