Quick Read Homebuyer demand for mortgages remains near 2025 highs despite a slight weekly decline, with purchase loan applications up 19% year-over-year per the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey.... Read more »
For anyone looking to buy a home, refinance their mortgage, or simply understand where their housing costs might be headed, knowing what mortgage rates will do in the coming years is a... Read more »
“The simplest way to present this program is actually the purchase,” he said. “I think we’ve missed that over the years. And in fact, those of us in the reverse business, including... Read more »
Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to... Read more »
Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isn’t breaking. The labor market is getting softer but hasn’t broken yet, as... Read more »
Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. They jumped by 11.3% to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI).... Read more »
While 2024 was rife with challenges for the mortgage industry broadly — across forward and reverse — a new year brings a new mindset. Some challenges remain, with mortgage rates being chief... Read more »
Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned in greater numbers this year. Recent data from... Read more »
2024 was a disappointing year for those looking forward to a Fed rate-cut cycle and what that could do to mortgage rates. A strong economy (and a skittish Fed) pushed rate cuts... Read more »
Reverse mortgage business — and mortgage business generally — is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked... Read more »