Tag Archives: Mike Fratantoni

Mortgage applications rise as purchase demand strengthens

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Mortgage applications rose last week as purchase demand strengthened, even as market volatility pushed mortgage rates higher. Continue reading →

Home sales could inch up even if growth stays sluggish next year

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Home sales should break through the 5 million mark next year as more inventory gradually comes on the market and home prices decline, economists at the Mortgage Bankers Association predict. Continue reading →

Mortgage demand dips as Fed signals cautious approach to rates

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Homebuyer demand is still stronger than a year ago, but seasonal shifts have pushed the mix of business toward refinancing, which accounted for 59% of loan applications last week. Continue reading →

Fed cuts rates for 3rd time in 2025, but might cut just once next year

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The 9-3 split vote reflects differing views on whether the central bank’s biggest worry is inflation or rising unemployment, with data lagging after the government shutdown. Continue reading →

Rising unemployment revives prospects for December rate cut

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Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don’t see rates coming down at all. Continue reading →

Mortgage rates spike as Powell warns December rate cut is iffy

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After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation. Continue reading →

Lower mortgage rates spur homebuyers, but mostly refis

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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 →

Shutdown slowing FHA, VA approvals; USDA loans are on hold

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The FHA’s Office of Single Family Housing and some of its mortgage insurance programs are “operational but with limited services,” HUD said in bulletin to lenders. Continue reading →

Fed signals it’s just getting started with 1/4 percentage point rate cut

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Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday’s 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president. Continue reading →

Homeowners rush to refinance as mortgage rates hit 2025 low

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Homebuyer loan applications flooded in last week at the second-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008. Continue reading →