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Economy

Hilltop’s PrimeLending cuts pretax losses by over 70% in 1Q

Earnings, Economy, MARKETING TO BORROWERS, Originations /

PrimeLending, Hilltop Holdings’ mortgage unit (through its PlainsCapital Bank subsidiary) reduced its pretax losses 72% year-over-year. But the parent company gave a warning for the entire organization (including Hilltop Securities) that its future performance in 2026 is likely to be affected by things outside of its control. Processing Content Hilltop cited challenging changes in the […]

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Mortgage rates at lowest in three spring purchase seasons

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates ended the week 7 basis points lower, as borrowers took advantage of a brief dip in the 10-year Treasury yield, Freddie Mac found. Processing Content The 30-year fixed rate mortgage averaged 6.23% as of April 23, versus 6.3% seven days prior and 6.81% for the same week last year, its Primary Mortgage Market

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Fed’s Miran downplays inflation risks, rethinks rate cuts

Economy, Inflation, Monetary policy, Politics and policy /

Key takeaway: Fed Gov. Stephen Miran said he could now foresee three short-term interest rate cuts instead of four, citing shifts in the underlying composition of headline inflation.  Expert Quote: “What’s happened in the last couple of months before the war broke out is that even though headline inflation was going sideways, the underlying composition

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Mortgage rates hit 4-week low on Iran conflict news

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Mortgages, Originations /

Mortgage rates fell 7 basis points this week to their lowest point in four weeks, as investors reacted to news the conflict with Iran might soon be resolved. Processing Content The 30-year fixed-rate mortgage averaged 6.3% as of April 16, down from last week’s 6.37%, the Freddie Mac Primary Mortgage Market Survey found. A year

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War, oil and inflation: What it means for rates

Economic indicators, Economy, Housing markets, Mortgage Rates, Mortgages /

Inflation related to the Iran conflict caused the panel of economists surveyed by Wolters Kluwer to moderate their views on growth and short-term rate cuts. Processing Content The April survey for the Blue Chip Economic Indicators took place before the ceasefire announcement, let alone Friday morning’s release of Consumer Price Index data. The Bureau of

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Jobs rebound in March, unemployment at 4.3%

Economy, Federal Reserve, Jobless claims /

Processing Content Key insight: Payrolls increased modestly in March, adding 178,000 new hires Supporting data: The unemployment rate held steady at 4.3%. Forward look: Concentrated hiring in certain sectors, with simultaneous layoffs in others, could test the Fed’s patience on rate cuts. U.S. job growth rebounded in March, with nonfarm payrolls rising by 178,000 after

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Mortgage rates hit a 7-month high, as buyers retreat

Economy, Mortgage Rates, Mortgages, Originations, Politics and policy /

Mortgage rates have increased for five consecutive weeks, sidelining potential buyers in the middle of the spring homebuying season. Processing Content The 30-year fixed-rate mortgage hit 6.46% this week, an eight-basis-point jump from last week’s 6.38% and the highest mark since early September, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate

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Fed Govs. express concern about Iran war-driven inflation

Economy, Inflation, Monetary policy, Politics and policy /

Key insight: Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said in separate appearances Thursday that uncertainty over tariffs and geopolitical tensions is shifting the balance of risks toward combating a rise in inflation. Expert quote: “The ongoing trade policy uncertainty and geopolitical tensions … pose upside risk to my inflation

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Mortgage rates now at highest point since September

Economy, Marketing, MARKETING TO BORROWERS, Mortgage Rates, Mortgages, Originations, Politics and policy /

The 10-year Treasury yield continued its wild movements based on alternating headlines on the Iran conflict, but as a result mortgage rates ended the week 16 basis points higher, Freddie Mac found. Processing Content The 30-year fixed rate mortgage reached 6.38% for March 26, up from an average of 6.22% one week earlier, the Freddie

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Forget rate drops — here’s where mortgage volume will come from

Economy, Housing Inventory, Housing markets, Mortgages /

With mortgage rates expected to hover near current levels for much of 2026, lenders shouldn’t count on rate drops to drive originations growth — and a panel of leading economists at Intercontinental Exchange’s ICE Experience conference in Las Vegas this week made clear where volume will actually come from. Processing Content “We’re essentially back in

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