Tag Archives: mortgage

Homebuyer sentiment rebounds in June from May’s record low

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Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks. Continue reading →

Consumers want lowest mortgage rate, but most won’t shop for it

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ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal. Continue reading →

Mortgage rates retreating from 7% on ‘massive’ revision to jobs report

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After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September. Continue reading →

EasyKnock juggling lawsuits, regulators in multiple states

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Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are “meritless” and that it’s cooperating with attorneys general in Massachusetts and Michigan. Continue reading →

Homebuyer mortgage demand dips, breaking 3-week streak

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Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers warn “higher for longer” rate strategy will remain in place until they see more conclusive evidence the economy has cooled. Continue reading →

Fewer homeowners constrained by mortgage lock-in effect

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Two years ago, nine out of 10 mortgages had rates below 5 percent. Today, there are 5.8 million fewer sub-5 percent mortgages in the market and 1 in 4 borrowers has a higher rate. Continue reading →

Aidium launches 24/7 customer support for mortgage lenders

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Business intelligence and mortgage CRM platform’s expanded services follow $19 million Series A funding round led by PeakSpan Capital in April. Continue reading →

Proper Rate taps mortgage veteran Chris Knapp as new president

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Before executive roles at CrossCountry Mortgage, Draper and Kramer, and Wintrust, Knapp spent more than a decade as a loan originator and executive at Guaranteed Rate. Continue reading →

Mortgage rates surge as Trump’s odds improve after debate

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Investors weigh the potential for higher tariffs, tighter restrictions on immigration, and an extension of 2017 tax cuts to fuel inflation under a second Trump administration. Continue reading →

Prospects for lower mortgage rates grow as inflation continues to ease

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The Federal Reserve’s preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed’s 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021. Continue reading →