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The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday.
May 21
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The move comes as the House of Representatives passed a successor bill this week to support distressed homeowners served by the Department of Veterans Affairs.
May 21
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Increases in gross domestic product and home sales expectations compared with April are the drivers of Fannie Mae's latest mortgage outlook for 2025 and 2026.
May 21
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The size of typical bulk MSR deals trading has shrunk, according to panelists at the Mortgage Bankers Association's Secondary and Capital Markets Conference.
May 20
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An explicit guarantee for Fannie Mae and Freddie Mac could cause the risk weighting of agency MBS to decline, in turn freeing up banks' balance sheets.
May 20
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The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
May 20
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Discrepancies between servicer and investor systems have been rare recently but the dollar amounts involved magnify the impact, according to PMSI's CEO.
May 20
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Leaders of the government mortgage programs suggest they're back to business as usual following the Trump administration's initial disruption.
May 19
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The Mortgage Bankers Association latest forecast reflects the industry's current views on where their business is going, said Mike Fratantoni.
May 19
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Mortgage brokers say hurdles more pressing than a high interest rate environment range from nationwide inventory shortages to property tax increases.
May 19
