January 7, 2025
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.99% +0.04 FHA 30-Year Fixed 6.28% No change VA 30-Year Fixed 6.52% +0.04 20-Year Fixed 6.98% +0.07 15-Year Fixed 6.20% +0.06 FHA… Continue Reading…
Last week, the labor department reported a seasonally adjusted annual rate of 211,000 unemployment claims — a lower-than-expected figure which signaled that “the labor market isn’t breaking,” according to Mohtashami. “For mortgage rates to go lower, we need to focus… Continue Reading…
The conventional wisdom about private mortgage insurance (PMI) has long been that borrowers should try to avoid it. PMI is a requirement for conventional mortgage borrowers who put down less than 20 percent on a home — and it’s just… Continue Reading…
Breadcrumb Trail Links Finance Banking Real Estate Mortgages Top bank heads expect many mortgage holders to be able to renew at lower rates over the next two years Get the latest from Naimul Karim straight to your inbox Sign Up… Continue Reading…
Simone Del Rosario: I can see the Google search now … “Why are mortgage rates going up while the Federal Reserve is cutting rates?” Prospective home buyers who thought, “I’ll just wait until the Fed starts cutting its interest rate… Continue Reading…
COLUMBUS, Ohio, Jan. 7, 2025 /PRNewswire/ — Lower, a leading digital mortgage lender, today announced its acquisition of Neat Labs, a company renowned for its end-to-end mortgage origination software. Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive,… Continue Reading…
Two of the nation’s leading mortgage lenders are ready to end their long-running courtroom feuds. Crosscountry Mortgage and Loandepot have reached confidential settlements in principle in two separate poaching and theft of trade secrets lawsuits, according to court filings in… Continue Reading…
Fannie Mae‘s Home Purchase Sentiment Index (HPSI) decreased 1.9 points in December to 73.1 — a figure substantially higher than year-ago levels due to ongoing mortgage rate optimism. The index reported that consumers continue to expect mortgage rates to decline… Continue Reading…
Servicing Tools; Fee Collection, HMDA Compliance Tools; CFPB, Credit Reports, Gov’t News “We all get the same 365 days. The only difference is what we do with them.” In 2024 a lot of lenders buckled down every day.… Continue Reading…
In December the Fannie Mae Home Purchase Sentiment Index decreased for the first time after four months of improvement. It ends the year at 73.1, well above the 67.2 mark it posted in December of 2023 and a bit higher… Continue Reading…