Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam. Continue reading
A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say. Continue reading
More than 4 million homeowners send their mortgage payments to Mr. Cooper, but it’s unclear how many had their data exposed as the company continues to investigate a breach discovered on Halloween. Continue reading
Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts. Continue reading
Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading
Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading
Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel Kan. Continue reading
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading
“Large deceleration” in home price appreciation next year could lead to price declines in some regions. Continue reading