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Mortgage Rates

Waterstone Mortgage has third consecutive quarterly profit

Earnings, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Waterstone Mortgage accomplished a third consecutive quarter of pretax and net profitability, with year-over-year improvements in production and gain on sale. Processing Content Fourth quarter pretax income of $900,000 and net income of $656,000 for the mortgage banking segment of Waterstone Financial compared with $1.3 million and $948,000 in the third quarter, plus approximately $2 […]

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PennyMac Q4 earnings miss as margins, servicing slip

Earnings, Mortgage Rates, Servicing /

PennyMac Financial Services fourth quarter earnings were affected by the lower interest rate environment in the quarter, coming in higher year-over-year but reduced versus the linked quarter. Processing Content PFSI reported $106.8 million in net income for the quarter and $501.1 million for the year. A year earlier, the company had earned $104.49 million for

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Mortgage rates rise as FOMC inaction adds to uncertainty

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates rose for the second consecutive week, with the 30-year fixed up one basis point on average, as yesterday’s Federal Open Market Committee decision was expected by the majority of the marketplace. Processing Content The move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. Mortgage pricing

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Federal Reserve keeps benchmark rate unchanged

Donald Trump, Federal Reserve, First American, HWmember, Jerome Powell, LendingLife, loanDepot, Mortgage, Mortgage Rates, Realtor.com, Regulatory /

The Federal Reserve held its benchmark interest rate steady Wednesday in a target range of 3.5% to 3.75%. The decision was widely expected as little has changed since December in the balance of risks tied to its dual mandate of maximum employment and price stability, economists said. “Available indicators suggest that economic activity has been

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What the Fed’s first look in 2026 means for mortgages

Capital markets, Economic indicators, Economic news, Mortgage Rates, Politics and policy /

The Federal Open Market Committee’s initial take on the economy in 2026 may temper NMN-surveyed mortgage professionals’ view that rates will fall fast and far enough to generate significant revenue gains this year. Processing Content Monetary policymakers weighed the balance of risks associated with a softer market vs. inflation in their widely anticipated decision to

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Mortgage rates increase for first time in four weeks

Mortgage applications, Mortgage Rates /

US mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. In the previous week, home-financing

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Mortgage rates steady ahead of Fed’s January meeting

Donald Trump, Federal Reserve, First American, HWmember, loanDepot, Mortgage, Mortgage Bankers Association, Mortgage Rates, Mortgage Rates Center /

The Federal Reserve is set to wrap up what’s expected to be an uneventful two-day meeting on Wednesday. Mortgage rates remain in the low-6% range and aren’t likely to swing one way or the other as policymakers should keep benchmark rates unchanged. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.17%, down 4

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Lower mortgage rates boosting demand early in 2026

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Purchase Applications /

Lower mortgage rates are driving increased housing demand in 2026, as shown by another positive week in our Housing Market Tracker data. Both weekly pending home sales and purchase application data posted gains last week — both week over week and year over year. My work over the years indicates that housing demand strengthens when

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Treasury yields wobble as technical gaps come into play

Mortgage Rates, Treasury bonds /

Nothing of any great importance came out of yesterday’s 10:00 numbers; Personal Income was slightly lower than expected but everything else was as expected, and who knows if month-old numbers even matter. Processing Content From low yields made early yesterday treasuries faded until around 10:30 when buyers stepped up and by noon the 30-year yield

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Mortgage rates rise as investors react to Greenland comments

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates moved slightly higher this week, as the 10-year Treasury yield remains elevated, in large part due to investor concerns over Pres. Trump’s Greenland pronouncements, and how those ended up blunting the housing message expected in Davos. Processing Content The good news is rates are still well below the 2025 peaks the market experienced

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