| Apr 16 | Mortgage Rates Back to 7.5% Mortgage Rate Watch The bad times keep rolling for mortgage rates with the average conventional 30yr fixed rate back up to 7.5% according to our daily index. This is quite a bit higher than the major weekly indices for a few reasons. First, the weekly ind... |
| Apr 16 | Residential Construction Fall and Builder Confidence Flattens in Un... Top News While builder confidence in the market for new residential construction improved in March, it remained flat in April and residential construction numbers showed a decline in momentum as well. Residential construction starts, which had surged in Fe... |
| Apr 15 | After Months of Relative Calm, Rates are Starting to Look Panicked ... Mortgage Rate Watch In 2023, there were multiple examples of mortgage rates moving up by roughly half a percent in a relatively short amount of time (1-3 weeks). Since the big shift in November, we've only seen one similar example and it was more of a technical... |
| Apr 12 | Mortgage Rates Move Lower After 2-Day Rout, But Underwhelmingly So Mortgage Rate Watch Wednesday was one of the worst days in decades in terms of single-day upward movement in mortgage rates. Thursday added a bit more insult to the injury. The resulting levels were the highest since November 2023. We should be than... |
| Apr 11 | Mortgage Rates Are Actually The Highest Since Mid November Mortgage Rate Watch Wednesday's Consumer Price Index caused a brutally fast spike in mortgage rates. It wasn't notable for taking us to exceptionally high levels (October 2023 was much higher), but it was one of the biggest single-day jumps. Either way, i... |
| Apr 10 | Basically The Worst Day For Mortgage Rates Since October 2022 Mortgage Rate Watch Mortgage rates surged at a pace seen only one other time since October 2022. The average lender moved up by 0.28%, which is functionally equivalent to the 0.29% seen after the February 2nd jobs report. In fact, today was arguably worse... |
| Apr 10 | Borrowers Pick Up Pace of Refinancing Top News The interest rate for conforming 30-year fixed-rate mortgages (FRM) again topped 7 percent last week, but mortgage application activity still squeezed out a tiny gain. The Mortgage Bankers Association (MBA) said its Market Composite Index, a... |
| Apr 9 | Decent Recovery For Mortgage Rates, But Huge Volatility Potential A... Mortgage Rate Watch Mortgage rates roughly matched their highest levels in months yesterday, but managed to turn things around today. One could argue that the broader bond market (which dictates rates) began to turn things yesterday morning and that the only re... |
| Apr 8 | Mortgage Rates Near Highest Levels Since February Mortgage Rate Watch Mortgage rates moved up somewhat abruptly today as the bond market lost more ground over the weekend. Rates are driven primarily by bonds, but mortgage lenders tend to only update rates once per day unless the bond market is moving very quic... |
| Apr 5 | Mortgage Rates Surprisingly Steady Despite Strong Jobs Report Mortgage Rate Watch Data dependent... That's a phrase that is all too prevalent in financial markets and among members of the Federal Reserve. It refers to the fact that economic data will guide the future path of interest rate decisions. While rate... |
| Apr 4 | Nice Move Lower in Mortgage Rates Ahead, But Tomorrow is a New Day Mortgage Rate Watch Mortgage rates may have been able to claim some resilience over the past few days, but it hasn't been a great week in general. The average lender jumped quickly over 7% for a top tier conventional 30yr fixed rate on Monday. The next tw... |
| Apr 3 | Mortgage Rates Nearly Unchanged Despite Early Drama Mortgage Rate Watch After starting the week with a sharp move higher, mortgage rates managed to avoid losing much ground yesterday. This was only achieved with a recovery in the bond market that erased early morning losses (rates are based on bonds and when bon... |
| Apr 3 | Persistent High Rates Have Application Volume Stuck in Neutral Top News Mortgage application activity drifted lower again last week , the third straight week of mostly fractional declines. The Mortgage Bankers Association’s Market Composite Index, a measure of application volume, decreased 0.6 percent on a seasonally ... |
| Mar 27 | Little Change in Mortgage Application Volume, Despite Lower Rates Top News The Mortgage Bankers Association said its Market Composite Index moved lower last week, apparently indifferent to a slight improvement in mortgage interest rates. The Index, which measures loan application volume, decreased 0.7 percent on a season... |
| Mar 26 | New Home Sales Decline Slightly, Prices Too Top News Sales of newly constructed homes were virtually unchanged in February. The 662,000 seasonally adjusted annual units recorded in during the month was down by 2,000 units or 0.3 percent from the rate in January. This did, however, put sales 5.9 perc... |
| Mar 22 | Existing Home Sales Shoot Higher; Inventory also Improves Top News Rather than easing back from the January level as expected, existing home sales shot significantly higher in February, The National Association of Realtors® (NAR) said pre-owned single-family houses, townhouses, condominiums, and cooperative apart... |
| Mar 20 | Mortgage App Volume Retreats Slightly as Rates Rise Top News After rising a cumulative 17 percentage points over the prior two weeks, mortgage application volume slowed slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 1.6 percent... |
| Mar 19 | Builder Confidence and Construction Activity Both Go Up Top News Builder confidence rose for the fourth straight month and residential construction stats may now be trying to catch up. Both construction permits and housing starts rose in February compared to both January and February 2023 levels. The U.S. Censu... |
| Mar 13 | Rate Drop Prompts Jump in Refi Application Volume Top News A surge in refinance applications drove mortgage application volume higher for the second straight time last week. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, increased 7.1 percent on a seasonally ad... |
| Mar 6 | Housing Data Showing Positive Signs, Mortgage Apps Up 9.7% Top News Whether prompted by a tiny improvement in mortgage rates or the first stirrings of a spring market, mortgage activity reversed course last week. The Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of applicati... |
| May 15 | Mortgage Originations Tumble to 5-Year Lows Smart Borrower Blog » Bad Credit Home Loans Even though mortgage interest rates have remained near record lows, total new mortgage originations fell to a 5-year low during the first quarter of 2019, according to data from the Federal Reserve Bank of New York. Total originations dropped $60 ... |
| Aug 13 | New Wells Fargo Investigation Focuses On Bank Defrauding Taxpayers The Mortgage Lender Implode-O-Meter (main list & news) A New Wells Fargo Investigation Focuses On The Bank Committing Low-Income Housing Tax Credit Fraud |
| Aug 12 | JPMorgan Chase Private Banker Busted Selling Client Information The Mortgage Lender Implode-O-Meter (main list & news) JPMorgan Chase Private Banker Sentenced to Four Years in Prison for Selling Customer Account Information |
| Aug 12 | Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira The Mortgage Lender Implode-O-Meter (main list & news) ``For a leader who prides himself on having made Turks more prosperous during his 15 years in power, the failure to back his lira demands with any policy action comes as a surprise, and a betrayal. Since Erdogan first began making the call in mid-... |
| Aug 11 | Fannie Mae CEO Is Busted Again For Not Keeping His Pants Zipped! The Mortgage Lender Implode-O-Meter (main list & news) Fannie Mae CEO Timothy Mayopoulos Busted Having Tawdry Affair With TransUnion Chief Legal Officer Heather Russell |
| Aug 10 | America, 10 Years After the Financial Crisis The Mortgage Lender Implode-O-Meter (main list & news) It's not hard to pinpoint the dawn of this deep gloom: It arrived in September 2008, when the collapse of Lehman Brothers kicked off the Great Recession that proved to be a more lasting existential threat to America than the terrorist attack of se... |
| Aug 10 | Citigroup Slapped with $8.6 Million Fine From Federal Reserve The Mortgage Lender Implode-O-Meter (main list & news) Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues |
| Aug 9 | Turkish crisis littered with lessons for Trump, US economy The Mortgage Lender Implode-O-Meter (main list & news) Had global liquidity conditions not been as ample as they had been over the past several years, Turkey would not have been able to run the outsized external imbalances that it has managed to run, nor would its corporate sector have been able to in... |
| Aug 9 | Wilbur Ross Accused Of Pilfering Packets Of Sweet 'N Low From Resta... The Mortgage Lender Implode-O-Meter (main list & news) Trump Commerce Secretary Wilbur Ross Accused Of Siphoning $120 Million From His Partners And Stealing Packets Of Sweet 'N Low |
| Aug 9 | Investors really aren't buying Musk's "plan" for Tesla The Mortgage Lender Implode-O-Meter (main list & news) In two days, the stock has erased the 8.6% gain that followed Musk's surprise announcement on Twitter that he had secured funding to take the electric car maker off the public market. That includes a 4.8% drop on Thursday. "The number one issue is... |
| Aug 9 | Homeowners With Wells Fargo Mortgages Can Sue Wells Fargo The Mortgage Lender Implode-O-Meter (main list & news) Homeowners With Wells Fargo Mortgages Can Sue Wells Fargo If They Were Denied Permanent Loan Modifications |
| Aug 8 | Trump's In-Laws Get "Chain Migration" Citizenship The Mortgage Lender Implode-O-Meter (main list & news) ``President Donald Trump's in-laws are officially United States citizens, obtaining their citizenship through the sponsorship of their adult daughter, one of the very categories of family visas that the administration has sought to end... Pressed ... |
| Aug 7 | TV maker laying off most workers, blaming Trump tariffs The Mortgage Lender Implode-O-Meter (main list & news) President Donald Trump's tariffs against China are causing a South Carolina television maker to lay off nearly all of its employees because of the sudden increase in the price of components for its products. Element TV Company will let 126 workers... |
| Aug 6 | Commerce secretary Ross reportedly stole $120 million (LIKE TRUMP, ... The Mortgage Lender Implode-O-Meter (main list & news) An investigation by Forbes' Dan Alexander found that Ross stole and siphoned millions of dollars in assets from his business associates. Alexander's conclusion: "all told, these allegations -- which sparked lawsuits, reimbursements and an SEC fine... |
| Aug 5 | Vornado's Roth Rings Bell of Distress In Retail Sector; Punts on Ul... The Mortgage Lender Implode-O-Meter (main list & news) During Tuesday's call, Roth stuck to other topics, namely signs of distress in the retail sector, as assets bought at the top and loaded with debt have started to struggle. He said if he could buy retail today at a 10 percent discount to peak valu... |
| Aug 5 | Wells Fargo apologizes after hundreds of customers lose their homes... The Mortgage Lender Implode-O-Meter (main list & news) Wells Fargo's actual banking practices continue to be at odds with the increasingly cheerful and apologetic tone of their advertising copy. This week, a new regulatory filing revealed that hundreds of customers -- 625 in total -- were denied loans... |
| Aug 4 | The Stock Market Is: Smaller, With Fewer, Bigger Winners, Mostly Lo... The Mortgage Lender Implode-O-Meter (main list & news) The American stock market has been shrinking. It's been happening in slow motion -- so slow you may not even have noticed. But by now the change is unmistakable: The market is half the size of its mid-1990s peak, and 25 percent smaller than it was... |
| Aug 3 | Kushners Unload 666 Fifth Ave. to Brookfield in 99-Year Lease The Mortgage Lender Implode-O-Meter (main list & news) Rather than pay the rent on an annual basis for the so-called leasehold, Brookfield will give Kushner Cos. an upfront sum that will allow the company to pay off outstanding debt on the building, according to people with knowledge of the matter who... |
| Aug 1 | Federal Reserve keeps interest rates unchanged, calls economic acti... The Mortgage Lender Implode-O-Meter (main list & news) Markets still expect the Fed to raise interest rates in September and again in December, bringing the total number of rate hikes this year to four and likely raising the Fed's benchmark interest rate target range to a corridor of 2.25%-2.5%. The F... |
| Jul 31 | Foreclosure Defense Attorney Mark Stopa's Suspension Is Effective I... The Mortgage Lender Implode-O-Meter (main list & news) Florida Supreme Court Puts Mark Stopa Suspension Into Effect Immediately |
| Jul 28 | Delaware Lawyer Accused Of Stealing From Harlem Church The Mortgage Lender Implode-O-Meter (main list & news) Delaware Lawyer John Shasanmi Accused Of Stealing $600,000 From Harlem's Second Providence Baptist Church |
| Jul 6 | With New Policy, ACIS Loss Coverage Reaches $10 Billion Freddie Mac With New Policy, ACIS Loss Coverage Reaches $10 Billion |
| Jul 5 | Mortgage Rates Continue Recent Decline Freddie Mac Mortgage Rates Continue Recent Decline |
| Jun 28 | Rising Housing Costs Cited as Root Cause of Lagging Homeownership R... Freddie Mac Rising Housing Costs Cited as Root Cause of Lagging Homeownership Rate Among Young Adults |
| Jun 28 | Mortgage Rates Fall Again Freddie Mac Mortgage Rates Fall Again |
| Jun 28 | Freddie Mac Expands ACE Eligibility for Condominium Purchases ... Freddie Mac Freddie Mac Expands ACE Eligibility for Condominium Purchases and Refinances |
| Jun 26 | Freddie Mac Issues Monthly Volume Summary for May 2018 Freddie Mac Freddie Mac Issues Monthly Volume Summary for May 2018 |
| Jun 25 | Freddie Mac Reaches $1.2 Billion of ACIS Coverage With Pricing of A... Freddie Mac Freddie Mac Reaches $1.2 Billion of ACIS Coverage With Pricing of ACIS SAP1 |
| Jun 22 | Freddie Mac Prices $930 Million Multifamily K-Deal, K-732 Freddie Mac Freddie Mac Prices $930 Million Multifamily K-Deal, K-732 |
| Jun 21 | Supply Headwinds, Higher Rates Affecting Mortgage Market Despite Ro... Freddie Mac Supply Headwinds, Higher Rates Affecting Mortgage Market Despite Robust Economy |