Are High Mortgage Rates Here to Stay?
Today was a rough day for mortgage rates as the market digested the Fed’s latest outlook, which confirmed its inflation fight is far from over.… Read More »Are High Mortgage Rates Here to Stay?
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
Past Ginnie Mae president Ted Tozer has argued that the FHA should lower or completely eliminate its current 3.5% down payment requirement. He discussed the… Read More »Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
Why Are There No Homes for Sale?
At last glance, 30-year fixed mortgage rates were sitting above 7%. Despite this, there are virtually no homes for sale. One would assume that after… Read More »Why Are There No Homes for Sale?
Guaranteed Rate Launches a 5 Minute Approval for Mortgages
How fast is fast enough? Ask Guaranteed Rate, which just launched “5 Minute Approval” for mortgage applications. This new “innovation” from the Chicago-based mortgage lender… Read More »Guaranteed Rate Launches a 5 Minute Approval for Mortgages
Roam: New Assumable Mortgage Platform Allows Home Buyers to Snag Mortgage Rates as Low as 2%
A new startup called “Roam” has launched a service to make assuming a mortgage painless. The company is backed by some prominent real estate figures,… Read More »Roam: New Assumable Mortgage Platform Allows Home Buyers to Snag Mortgage Rates as Low as 2%
Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
If you peruse real estate listings on Realtor.com, you might come across a new Airbnb integration. This week, the two companies announced a collaboration that… Read More »Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
Fannie Mae Chief Economist Calls Current Housing Market Unusual, Doesn’t Expect It to Change Anytime Soon
It’s time to check in on the state of the housing market. At last glance, mortgage rates were still above 7%, though they did see… Read More »Fannie Mae Chief Economist Calls Current Housing Market Unusual, Doesn’t Expect It to Change Anytime Soon
The Typical Home Sold in the Past Three Months Went for $200,000 More Than the Seller Paid
Lately, there’s been a lot of talk about a lack of affordability, even a potential housing bubble. And it comes as no surprise, given the… Read More »The Typical Home Sold in the Past Three Months Went for $200,000 More Than the Seller Paid
Shark Tank’s Kevin O’Leary Predicts 8% Mortgage Rates
A week ago, it seemed like we were on the fast track to 8% mortgage rates. But then something spectacular happened, nearly a week’s worth… Read More »Shark Tank’s Kevin O’Leary Predicts 8% Mortgage Rates
Why Are Lower Job Openings Good for Mortgage Rates?
This morning, the Job Openings and Labor Turnover Survey (JOLTS report) was released by the Labor Department. It revealed that the labor market wasn’t running… Read More »Why Are Lower Job Openings Good for Mortgage Rates?