Mortgages

The 30-year fixed mortgage rate rose over 20 basis points last week, putting downward pressure on home loan activity.

Home prices are one driver. Other factors also have been exerting upward pressure on housing expenses that differ by region and lift the overall average.

While rate-and-term refinance locks boomed, the rise in purchases also was telling as it was the first since the Fed started raising rates, Optimal Blue said.

Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program.

Total insured wind and flood losses are predicted to be between $10.5 billion and $17.5 billion, according to CoreLogic. Earlier estimates placed the cost of insured damages between $3 billion and $5 billion.

Depending on who wins, it will be four years of progressive policy chaos or four years of indifference towards the housing market.

Despite rising consumer confidence in the housing market, declining mortgage rates, alone, don't seem to be able to lure home buyers in, two new reports find.

Stephen Scherr starts this week as co-president at Pretium, a major landlord of U.S. single-family homes founded by his former Goldman colleague Don Mullen.

Deer Park has launched its first mortgage fund targeting discounted office debt following a period of elevated interest rates that has hammered valuations.

Jay Venkateswaran, business unit head of banking and financial services at WNS Global Services, said the best lenders are preparing now for expectations of increased business at least two quarters in the future.

The top five cities have an average rate of housing units that were owner-occupied in 2022 of 70.32%.

Most of the investment community overall showed more favorable sentiment toward one presidential candidate than the other, but a subset of it begs to differ.

National issues such as the economy are prominent. But so are local concerns like a $10,000 limit on deductions for state and local taxes and high housing costs.

The incidence of at least four flood insurance payouts totaling $20,000-plus, or at least two totaling more than the building's market value, is growing.

Stronger than expected numbers for overall U.S. employment additions have diminished lender hopes for steeper rate drops, and industry hiring has been tepid.

Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.

Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."

Franklin Credit Management Corp. agreed to pay $300,000 to Massachusetts and not sell its portfolio of state loans to a different servicer.

Buyers aren't necessarily responding to greater inventory and lower mortgage rates.

The conforming 30-year fixed rate mortgage rose to 6.12% on Oct. 3.