Zillow, an online provider of home price data, said that mortgage rates dropped by 36 basis points in the week ending Oct. 24. The average 30-year mortgage rate fell to 6.00%, from 6.36% the week before, according to Zillow. However, Zillow said rates rose on Monday, Oct. 26, to 6.20%. The Zillow rate monitor is based on rates quoted by lenders on the Zillow mortgage Marketplace.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
