by Beth McGuire | Jan 29, 2025 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
Mortgage industry experts pointed to a drop in refinance activity as the overall driver of home purchase applications decreasing this week, although it was only slightly and also indicative of persistently elevated mortgage rates hovering near 7%. According to the...
by | Jan 24, 2025 | Industry News, Latest News, National, News |
The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them at or near their lowest level since 1995, according to the January 2025 commentary...
by | Jan 23, 2025 | Economy, Industry News, Latest News, National, News, Premier |
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week of 7.04% down to 6.96% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “After...
by Beth McGuire | Jan 22, 2025 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications barely increased this week amid lingering high mortgage rates, but the increase was enough to push home purchase applications up 2% over last year. That’s the latest analysis from the Mortgage Bankers Association, who reported a 0.1% increase in...
by | Jan 17, 2025 | Industry News, Latest News, National, News, Premier |
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The ongoing litigation between the Department of Justice (DOJ) and Rocket Companies has continued, with the...