Fannie Mae now projects lower mortgage rates and increased volume for this year and next, raising its home sales expectations from June. By contrast, the Mortgage Bankers Association cut its origination outlook for 2025 in its own July forecast. The MBA’s rate expectations for both this year and next, as well as the 2026 volume […]
Fannie Mae cuts rate forecast, raises volume outlook Read More »
Rocket Companies announced a strategic move to sunset its credit card Wednesday, with the company opting to focus on goals to grow its homeownership platform instead. An email from Rocket Card sent to customers reveals that on September 8 the card will be discontinued. The firm said that even though it is stepping back from
Rocket to sunset its credit card, confirms 2% workforce cut Read More »
A new lender says it can give a company’s employees up to 75 basis points off their interest rate through its mortgage benefits program. Multiply Mortgage, founded in 2022, says the average worker utilizing its perks saves up to $5,700 per year, relative to home loan offers they were comparing the offer to. The broker
New lender touts big mortgage perks for workers Read More »
Douglas Elliman, the nation’s sixth-largest real estate brokerage, is the latest firm to unite home sales and financing under one roof. The company has entered into a “strategic alliance” with Associated Mortgage Bankers, Ronkonkoma, New York, to create Elliman Capital. “By bringing mortgage services in-house, we’re creating an unprecedented level of convenience and oversight to
Douglas Elliman forms mortgage venture with AMB Read More »
For-sale housing inventory is sitting at its highest point in years despite a pullback in new listings, and the contrasting numbers indicate long-standing affordability challenges are still impacting the market, leading real estate brokerages found. Approximately 1.36 million homes were on sale in June, the greatest volume since late 2019, according to the latest data
What’s behind the increase in housing inventory? Read More »
A little more than a month after it agreed to sell all of Title365 to Covius Services, Blend Labs is entering into “an expanded partnership” with Doma to use its artificial intelligence-powered instant decisioning technology. “This partnership with Doma reinforces our core focus: delivering innovative, software-driven solutions that create real value for our customers,” said
Blend, after Title365 sale, expands partnership with Doma Read More »
While some would-be U.S. homebuyers are feeling squeamish about high interest rates and broader economic uncertainty, foreign buyers are increasingly eager to get a slice of the country’s housing market. Foreign buyers bought more than 78,000 homes between April 2024 and March 2025, according to a study from the National Association of Realtors, a 44%
Foreign buyers snapping up U.S. homes again Read More »
In June, home price growth cooled to its slowest pace in two years, with over a quarter of top U.S. markets posting annual price depreciation, according to the latest data from Intercontinental Exchange. The rate of annual growth decelerated to 1.3% across the country in June, falling from 1.6% a month earlier, ICE’s mortgage technology
Caution signs appear as home price depreciation spreads Read More »
The stronger-than-expected employment report is the catalyst for ending a five-week streak of declining mortgage rates, Freddie Mac reported. The 30-year fixed rate mortgage averaged 6.72% as of July 10, a gain of 5 basis points compared with the prior week when it averaged 6.67%, the Freddie Mac Primary Mortgage Market Survey reported. But it
Mortgage rates turn upward on strong jobs data Read More »
For the first time since mid-April mortgage rates fell below 6.7%, but the data doesn’t take into account the diminished likelihood the Federal Open Market Committee will reduce short-term rates at this month’s meeting. It is a result of this morning’s jobs report coming in hotter than expected, with observers now postulating the Fed is
Mortgage rates drop again but chance of Fed cut also falls Read More »