Mortgage
Mortgage news and analysis from Real Estate Wire, updated daily.
- Mortgage Applications Rise for First Time Since August as Rates Ease to 7.37%
Mortgage application volumes climbed 3.4% for the week ending October 23, snapping seven straight weeks of declines, according to the Mortgage Bankers Association. Rates on 30-year fixed loans...
- Fed Set to Hold Rates Wednesday as Mortgage Costs Stay Above 7%
The Federal Reserve is widely expected to leave its benchmark rate unchanged at its two-day meeting this week, with financial markets pricing in a 90% chance of no move. That pause offers little...
- Mortgage Rates Ease From 7.60% Peak, Briefly Steadying Housing Demand
A dip in the 10-year Treasury yield pushed mortgage rates down from roughly 7.60% to around 7.30%, giving housing demand a brief pause in its slide. Weekly pending sales posted a small gain,...
- The Monthly Payment on a Typical Listed Home Is $2,304, $224 More Than a Year Ago
Real Estate Wire's weekly cost-of-a-home reading: the 30-year rate sits at 7.32% and the median listing at $419,250, so a buyer putting 20% down now pays $2,304 a month in principal and interest.
- Trump Signs Executive Order to Cut Several Mortgage Costs for Homebuyers
President Donald Trump signed an executive order Thursday directing federal agencies to reduce several costs tied to getting and keeping a mortgage. The order targets mortgage insurance...
- Tourism States May Offer DSCR Mortgage Opportunities
Maine, Wyoming and Alaska lead the country in investment property concentration, with more than a quarter of all housing units in each state held by investors. Those concentrations, alongside...
- The Monthly Payment on a Typical Listed Home Is $2,322, $224 More Than a Year Ago
Real Estate Wire's weekly cost-of-a-home reading: the 30-year rate sits at 7.40% and the median listing at $419,250, so a buyer putting 20% down now pays $2,322 a month in principal and interest.
- Foreclosure Inquiry Calls Up 14.8% Year Over Year as Inflation Squeezes Homeowners
Requests for foreclosure legal advice have climbed for 13 consecutive months, according to data from LegalShield, a legal services platform that tracks inbound calls for assistance. Separate...
- Fannie Mae cuts 2027 origination forecast 18% as rates hold at 7.5%
Fannie Mae has slashed its 2027 single-family mortgage origination forecast by more than 18%, now projecting $1.86 trillion in production as 30-year rates are expected to average 7.5% through the...
- Lenders May Be Looking in the Wrong Places to Reach Lower-Income Homebuyers
Five years of federal mortgage records show many lower-income applicants buying outside low-income neighborhoods, which a lender reading only neighborhood data would not see.
- DOGE buyout program backfired as agencies quietly rehired departing workers
Federal agencies matched more than 20,000 deferred resignation departures with new hires in the same roles, often before the departing employees had officially left. The Department of Housing and...
- Mortgage lenders eyeing DIY tech face governance traps that cost more than a vendor contract
Building your own mortgage technology looks cheaper until you price in security audits, multi-tenant architecture and long-term maintenance. Melissa Langdale, chief executive officer and founder...
- Bond market rout pushes 10-year Treasury to 5.36%, squeezing U.S. homebuyers
A global bond sell-off, driven by oil-shock inflation, sovereign debt fears and AI capital spending, has pushed the 10-year Treasury yield to a two-decade high and lifted 30-year fixed mortgage...
- Fitch stress test gives mortgage and title insurance sectors lowest AI disruption score
Fitch Ratings has run a formal AI stress test across its rated issuers and assigned both mortgage insurers and title insurers its lowest possible disruption score, a 20 out of 100, meaning no...
- FASB proposes mandatory recapture inclusion in MSR fair-value calculations
The Financial Accounting Standards Board has put out a proposal that would make recapture a required input in residential mortgage servicing right valuations, ending a split in current practice....
- Pulte pledges large MBS purchases as Fannie and Freddie holdings slide
Federal Housing Finance Agency director Bill Pulte announced Friday that Fannie Mae and Freddie Mac are ramping up mortgage-backed securities purchases after three straight months of declining...
- FHFA's Pulte set to drop tri-merge credit rule for Fannie and Freddie
Federal Housing Finance Agency Director Bill Pulte is expected to announce a shift from three-bureau to two-bureau credit reporting for loans sold to Fannie Mae and Freddie Mac, with an...
- Rate shopping, credit scores and down payment timing can shift buying power by $28,400
Mortgage rates crossed 7% for the first time since January 2025, but a Realtor.com analysis of 2025 Freddie Mac loan data shows individual borrowers land anywhere from 6.50% to 7.43% in the same...
- Man Group strategist: 5.5% Treasury yields put AI spending and consumer credit at risk
Man Group Plc Chief Market Strategist Kristina Hooper told Bloomberg Television on Monday that long-end Treasury yields are moving fast enough to threaten the two forces sustaining US economic...
- Federal judge dismisses ERISA class action against United Wholesale Mortgage
A federal judge has thrown out a class action lawsuit brought by former United Wholesale Mortgage employees who claimed the company mismanaged their 401(k) plan to the tune of roughly $1.8...
- Zillow: Renters save $12,792 a year over buyers as cost gap widens
The monthly cost of buying a home now runs $1,066 more than renting, according to a Zillow report covered by Scotsman Guide, and that gap has been growing. In the priciest coastal markets the...
- Sun Belt foreclosure rates lead nation as completed repossessions surge 42% year-over-year
South Carolina, Nevada and Florida posted the worst foreclosure rates in August, while lenders nationwide completed repossessions on 5,794 homes, up 42.1% from the same month last year, according...
- Pennymac and UWM push early conforming limit above $845K set by rivals
Pennymac is accepting loans up to $850,000 and UWM up to $847,440 under early conforming limits, topping the $845,000 threshold set last week by Rocket, CrossCountry and Rate. The moves let...
- 30-year mortgage rate tops 7% as Fed rate hike looks near-certain
Average 30-year mortgage rates crossed 7% for the first time in 16 months on September 10, with the daily rate hitting 7.17% as of this week, according to Real Estate News. A Fed rate hike at the...
- Mortgage rates breach 7% as Iran conflict drives 10-year yield toward 5%
Rates hit 7.12% last week, the first time above 7% all year, as the Iran conflict pushes bond yields higher and overwhelms the spread compression that had kept borrowing costs in check....