Banks Brokerage Fixed-rate mortgage 
Housing Wire
MARCH 15, 2023
The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. retail residential mortgage applications.
Housing Wire
APRIL 17, 2024
Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.
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Housing Wire
MARCH 23, 2023
The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.
Housing Wire
JUNE 16, 2022
The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1 trillion in 2022 and $2.3
Housing Wire
APRIL 9, 2024
The wholesale lender said it’s offering legal support to partners in case they are sued and once again accused Rocket Mortgage of being behind the report, which the rival denies. He worked for an independent mortgage broker that actually shopped between options. In response, the company said its average rate for the $97.6
Housing Wire
MARCH 3, 2022
The Prestwick Mortgage Group , an Alexandra Virginia-based MSR advisory and brokerage firm, so far in March has put at least three MSR bulk packages on the market, according to bid documents. Freddie Mac re ported on Thursday, March 3, that the 30-year fixed-rate mortgage averaged 3.76%, down from 3.89% a week prior.
Housing Wire
AUGUST 25, 2022
.” Lenders are making a play with jumbo adjustable-rate mortgages (ARM), a product that has made a comeback after falling out of favor due to their role in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. billion in mortgages, down from the $53.8
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