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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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HomeMortage News

Mortage News

Mortgage news refers to the latest developments and trends in the mortgage industry, including changes in interest rates, new mortgage products, updates on regulations and guidelines, and other factors that affect homebuyers and homeowners.

Mortgage news can also cover topics such as the housing market, home prices, foreclosure rates, and other factors that impact the mortgage industry. For example, mortgage news may report on changes in home sales, new construction activity, or economic indicators that can affect mortgage rates.

Existing Homes
Mortage News

“No One” Buying or Selling Existing Homes

December 24, 2022 Allen Santos Comments Off on “No One” Buying or Selling Existing Homes

“No one” is a relative term when it comes to economic data.  There are actually about 4 million people per year buying existing homes based on the annualized and seasonally adjusted pace in the latest […]

New Home Sales
Mortage News

Downward Revision Pushes November New Home Sales Slightly Higher

December 24, 2022 Mariel Alumit Comments Off on Downward Revision Pushes November New Home Sales Slightly Higher

New home sales in November were a bit of a surprise, but a downward revision to October numbers accounted for much of the unexpected increase. The U.S. Census Bureau and Department of Housing and Urban […]

FHFA
Mortage News

Black Knight Home Price Data at Odds With Recent FHFA Move

December 13, 2022 Mariel Alumit Comments Off on Black Knight Home Price Data at Odds With Recent FHFA Move

Black Knight released its Mortgage Monitor report today–always a treasure trove of robust housing/mortgage-related data.  Of particular interest this time around is the ongoing price declines seen in Black Knight’s Home Price Index (HPI)–especially as […]

Mortgage
Mortage News

Mortgage Application Volume Pulls Back, Even as Rates Trend Lower

December 13, 2022 Allen Santos Comments Off on Mortgage Application Volume Pulls Back, Even as Rates Trend Lower

Application volume the past week didn’t fully recover from the usual Thanksgiving week losses a week prior. Refinancing did improve, but purchase volume ended a four-week streak of gains . Results for the prior week […]

Homebuying
Mortage News

Homebuying Sentiment Stabilizes After Long, Slow Slide

December 13, 2022 Mariel Alumit Comments Off on Homebuying Sentiment Stabilizes After Long, Slow Slide

Fannie Mae’s Home Purchase Sentiment Index (HPSI) showed some signs of life in November, posting its first increase in nine months. The index, which distills answers to six questions from the company’s monthly National Housing […]

Loan
Mortage News

$726,200 is The New Loan Limit for 2023; High Cost Counties Now Over $1m

November 30, 2022 Mariel Alumit Comments Off on $726,200 is The New Loan Limit for 2023; High Cost Counties Now Over $1m

If you’re just here for the conforming loan limit news, $726,200 is the number for 2023.   Does this mean no one can get a mortgage for more than $726,200?  No.  The conforming loan limit is […]

Holiday
Mortage News

Purchase Activity Rose Again as Holiday Neared

November 30, 2022 Mariel Alumit Comments Off on Purchase Activity Rose Again as Holiday Neared

Thanksgiving had its usual effect on the mortgage market during the week ended November 25, although the third week of easing interest rates helped move the volume of purchase mortgage applications higher. The Mortgage Brokers […]

Pending Home Sales
Mortage News

Pending Home Sales Decline for Fifth Month in a Row

November 30, 2022 Mariel Alumit Comments Off on Pending Home Sales Decline for Fifth Month in a Row

October saw contracts to purchase existing homes fall for the fifth straight month. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) lost another 4.6 percent during the month, declining from […]

Mortgage
Mortage News

Rates, Mortgage App Volume Improve Heading into Holiday Season

November 29, 2022 Mariel Alumit Comments Off on Rates, Mortgage App Volume Improve Heading into Holiday Season

Mortgage application volume increased for the second consecutive week as interest rates continued to decline. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was 2.2 percent higher during […]

Inflation
Mortage News

Persistent Inflation Hammered Pending Home Sales in September, Falling 10%

November 19, 2022 Stu Turley Comments Off on Persistent Inflation Hammered Pending Home Sales in September, Falling 10%

Inflation and the resulting increase in interest rates continued to dent home sales activity into the fall. The National Association of Realtors® (NAR) said on Friday that its Pending Home Sales Index (PHSI) which tracks […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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