Tag Archives: purchase mortgages

Homebuyer demand sags as mortgage rates stay range bound

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Applications for purchase mortgages drops for a fifth consecutive week to the lowest level since October, as mortgage rates continue to hover above 6 percent. 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 →

Bayview merger positions Guild Mortgage for refinancing boom

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As a sister company of Lakeview Loan Servicing, Guild would have an edge in contacting borrowers if mortgage rates fall and homeowners rush to refinance. Continue reading →

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

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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 →

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 →

Rising inventories have more homebuyers going to their lender

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Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading →

Trump announces universal tariffs of at least 10% on most nations

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Sweeping plan imposes higher duties on “worst offenders” and is in addition to 25 percent tariff on foreign automobiles slated to take effect April 3. Continue reading →

Focus on homebuyers helps Guild swing to $97M 2024 profit

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At $24 billion, Guild’s 2024 mortgage production marked the San Diego-based lender’s biggest year since the pandemic-fueled refinancing boom. Continue reading →

UWM is hiring after banner year for purchase mortgage lending

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In a year when home sales hit a three-decade low, the nation’s biggest mortgage lender made $96.1 billion in loans to homebuyers — the company’s best year ever. Continue reading →