The source for daily mortgage news. Rates, analysis, and industry insight for mortgage advisors, originators, bankers, and all loan origination professionals. Home of NMP, Mortgage Banker, and Mortgage Women Magazine.

All the news from the mortgage industry for originators, including rates, analysis, technology, non-QM loans and other lending products, mortgage hires, and other mortgage industry updates.

3 days ago · December and full-year 2024 figures released by ICE Mortgage Technology this week offer a mixed bill of health for America's housing market, as homeownership costs remain a persistent barrier to buyers and national inventory levels near pre-pandemic levels.. Home affordability has deteriorated slightly since late 2023, ICE notes, remaining near all-time lows, when only taking into account the ...

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Jan 14, 2025 · The first two weeks of 2025 have greeted the mortgage industry with heightened volatility, rising mortgage rates, and no clear indication that “normalization” is happening — unless, this is that.. Mortgage rate locks declined 16.7% on a monthly basis in December amidst rising mortgage rates as the 11.7% rise in rate-and-term refinance locks failed to offset the nearly 20% decline in lock ...

Jan 2, 2025 · According to Freddie Mac’s Primary Mortgage Market Survey (PMMS ®), as of January 2, 2025, mortgage rates have surged to their highest point in nearly six months, with the 30-year fixed-rate mortgage (FRM) averaging 6.91%. This marks an increase from the previous week's rate of 6.85% and is significantly higher than the 6.62% rate recorded at …

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Dec 11, 2024 · According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, mortgage applications are up 5.4% as of December 6th, continuing a three-week pattern of growth.. While the previous week’s data reflects adjustments for the Thanksgiving holiday, consumers are back in the swing of things, shirking turkey comas in favor of the opportunity for lower mortgage rates.

Nov 8, 2024 · Announcing the results of a periodic review of peer U.S. nonbank mortgage companies, Fitch Ratings signaled Friday “strengthening of the largest mortgage companies’ franchises as the market has consolidated over the last two years.” The Fitch-rated peer group includes PennyMac Financial Services, Mr. Cooper, United Wholesale Mortgage, Freedom Mortgage, Rocket Mortgage, and Provident.

Nov 26, 2024 · The latest market prediction from a major mortgage stakeholder offers a more optimistic outlook for homebuyers in 2025 than other organizations’ forecasts. Economists with real estate marketplace Zillow predict more buyers will come out ahead in a bumpy 2025, as the housing market could still be challenged by unpredictable mortgage rates.