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The contract rate on a 30-year fixed mortgage increased 7 basis points in the week ended Feb. 9 to 6.87%, the highest since early December, according to Mortgage Bankers Association data released Wednesday.
February 14
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One depository has now joined two nonbanks in publicly announcing they're using the advanced score ahead of planned broader implementation by the agency market.
February 13
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January volume increased 36% compared to the month before and the annual decline in activity was the lowest in almost two years, Optimal Blue said.
February 12
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The five states with the lowest average realtor commission have an average rate of 4.94%.
February 12
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Institutions obtaining financing from the FHLB that's secured by their mortgages can now use the advanced score to underwrite collateral loans.
February 12
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An increase in conventional lending products drove the upturn, but the overall reading of the Mortgage Bankers Association index still landed near the longtime low from late 2023.
February 9
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The year-over-year gain was 1.3 percentage points higher in the most recent period compared with the third quarter last year, the National Association of Realtors found.
February 9
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Other servicing gains helped Mr. Cooper profit despite negative mark-to-market valuations and cyberattack costs that led to lower consecutive-quarter results.
February 9
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Only a few dozen mortgage firms could likely afford the $7 million ad for this year's big game, a marketing veteran said.
February 9
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The wholesale giant meanwhile is suing four partners for selling loans to Rocket Mortgage and Fairway Independent Mortgage Corp., in violation of its 2021 decree.
February 8
