Origination

The commodity's price fell to the lowest it has been since September as interest rates continue to rise.

A positive employment report, robust consumer spending and Fed comments on inflation counter measures drove rates upward.

Hybrid work has led to an increase in purchasing a second home in more scenic, family-friendly areas in addition to smaller, closer homes by the office.

Lenders reduced refinance and jumbo programs on their product menus as interest rates continued to rise in May, the Mortgage Bankers Association said.

Equitable housing initiatives the government–sponsored enterprises detailed Wednesday will rely on mortgage company uptake of experimental underwriting strategies.