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Largely, economists surveyed agreed with the decision by the Fed to continue to raise interest rates to slow inflation.

Katie Jones is the third woman added to the GSE’s chief officer ranks in the past year.

The current 30-year rate is now nearly double its average from a year ago.

Purchases and refinances both came in lower, with overall volumes 60% below numbers from a year ago.

New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.

The Fed's tests have become a menacing countercyclical force that could further drive down liquidity in the mortgage market over the next year, the chairman of Whalen Global Advisors writes.

Home sales were down by 17% in June, while inventory increased over 27%, compared to numbers from one year ago, according to Remax.

The slowdown in new single-family construction is one of several headwinds homebuilders find themselves facing this summer.

The embattled mortgage business cut approximately 72% of its workforce over a six-month period, according to a Securities and Exchange Commission filing.

Following their largest drop in over a decade one week ago, averages rapidly swung upward as recession talk receded.