Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Mortgage holders withdrew a mere... Read more »
If you are planning to buy a home or refinance your existing mortgage in the next decade, you might be wondering what will happen to the mortgage interest rates in the future.... Read more »
Many people who are looking to buy a home in the US are wondering if they will ever see mortgage rates as low as 3% again. After all, just a year ago,... Read more »
Purchase application data Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data. I recently... Read more »
Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. In 2024, Fair Isaac Corp. (FICO), the company that retains the rights to... Read more »
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has made the rounds this week on Capitol Hill, providing testimony to Congress in their semi-annual reviews of the CFPB. On Thursday, Chopra took... Read more »
The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will limit what the Bureau can accomplish.... Read more »
Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate... Read more »
If you are thinking of buying a home or refinancing your existing mortgage, you might be wondering why mortgage rates are so high in 2023. Mortgage rates have been climbing steadily since... Read more »
Assessing key performance indicators and operations during current industry headwinds is a great way for mortgage lenders to set themselves up for success now and in the future. In particular, lenders should... Read more »