Lower mortgage rates spur homebuyers, but mostly refis

Rates on 30-year fixed-rate mortgages hit another 2025 low on Tuesday, dropping to 6.12 percent, nearly a full percentage point lower than January. Rates now have less room to come down. Continue reading

These are the 5 people who might replace Jerome Powell as Fed chair

Trump loyalist Kevin Hassett is seen as the most likely pick to lead the Federal Reserve Board next year. Critics say doubts about the central bank’s independence could put upward pressure on rates. Continue reading

PartnerOne acquiring Mortgage Cadence from Accenture

The Denver-based developer of lending platform aimed at credit unions and independent mortgage banks serves consumer direct, wholesale, correspondent and distributed retail mortgage lenders. Continue reading

Letitia James pleads not guilty, seeks dismissal of fraud case

James’ attorneys will argue that she is a victim of vindictive prosecution and that Lindsey Halligan, the lone U.S. attorney who signed her indictment, was appointed illegally. Continue reading

Fannie Mae CEO is out, mortgage giant says in surprise announcement

Fannie Mae President and CEO Priscilla Almodovar has been replaced on an interim basis by Chief Operating Officer Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup. Continue reading

Mortgage rates just hit a new 2025 low. They might be stuck there.

MBA forecasts rates will probably stay right where they are now in 2026, as investors have already priced in future Fed rate cuts. But look for three years of steady growth in home sales ahead. Continue reading

HomeSmart and Lower partnering on marketing, tech and mortgages

The agreement comes on heels of Lower’s acquisitions of Neat Labs and Movoto — and takes place as mortgage lenders look to real estate brokerages to win more homebuyers. Continue reading

2025 a banner year for mortgage deregulation and legislation

“We don’t just have a seat at the table,” Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. “We’re near the head of the table — and we’re speaking loud and clear.” Continue reading

Trump administration lays out 5-year goals for Fannie, Freddie

Equitable housing and climate change risk are out, deregulation and combating fraud are in. The plan sheds little light on Trump administration’s bid to spur homebuilders into expanding housing supply. Continue reading

Rocket Mortgage rolls out bullish $822,550 conforming loan limit

The 2.4 percent increase ahead of an official announcement in November surpasses more cautious 1.5 percent increases adopted last month by UWM, Pennymac, CrossCountry and Rate. Continue reading