Originations

The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.

A team of 16 joining Union Home Mortgage's Cincinnati branch closed 996 units and funded more than $260 million in 2024.

Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.

Poor credit is a barrier for many Black homebuyers, blocking them from mortgages and contributing to racial gaps in homeownership.

While still remaining relatively bullish on the sector because of its strong performance year-to-date, all five companies' stock outlook is at "market perform."

The Mortgage Bankers Association's index of home-purchase applications advanced 9.4% in the week ended July 4, according to data out Wednesday.

Both government-sponsored enterprises also are tightening rules around condo and co-op loans in buildings that have been involved in insolvency proceedings.

Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.

The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.

Nonbank payrolls rose incrementally during the homebuying season as home-loan borrowing costs trended lower and a housing regulator sought to influence Fed policy.