Origination

The good news in the Consumer Price Index report has not carried over to the 10-year Treasury yield and thus mortgage rates, Freddie Mac found.

With focus turning to increased domestic production, the Chicago Mercantile Exchange plans to launch a new lumber futures trading exchange in late March.

A trio of trends — rates, prices and economic uncertainty — will dominate the 2025 Spring buying season and likely affect activity, Realtor.com warned.

Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes.

Loan officers have said the majority of outreach from recruiters looks like impersonal "telemarketing."

The company is a leading player in the primary and secondary markets for government-backed reverse mortgages and also has been developing proprietary products.

For the first time in almost two years, mortgage products available for consumers are at a level established in 2012.

The KBW Nasdaq Bank Index is down more than 7% year to date. Analysts blame confusion caused by President Trump's evolving tariff policies and heightened worries about an economic downturn that could hurt banks' credit quality.

Treasuries surged and investors boosted their bets on Federal Reserve interest-rate cuts Monday as fear of a economic slowdown took hold across US markets.

As the 30-year fixed-rate declined by almost 20 basis points, borrowers took advantage, boosting rate-and-term transaction volumes, Optimal Blue said.