How Does United Wholesale Mortgage Work?
One oddity in the mortgage world these days is that the nation’s top lender, United Wholesale Mortgage, as the name implies, is a wholesale lender.… Read More »How Does United Wholesale Mortgage Work?
This Might Just Be a Little Setback on the Road to Even Lower Mortgage Rates
A while back, I declared that we were in a falling mortgage rate environment. Perhaps I said it too early, but the general thought was… Read More »This Might Just Be a Little Setback on the Road to Even Lower Mortgage Rates
Mortgage Rates Rise After Latest Fed Rate Cut. Here’s Why
As I anticipated (and probably many others too), mortgage rates moved higher after the Fed rate cut this afternoon. Everyone knew the Fed was going… Read More »Mortgage Rates Rise After Latest Fed Rate Cut. Here’s Why
Mortgage Rates See Unexpected Drop Night Before Fed Rate Cut Decision
Mortgage rates had another winning day today on the eve of the big Federal Reserve rate decision. This one was kind of unexpected since there… Read More »Mortgage Rates See Unexpected Drop Night Before Fed Rate Cut Decision
Will Mortgage Rates Bounce Higher on the Expected Fed Rate Cut?
There’s a saying known as “sell the news,” in which traders position themselves on a well-known rumor, then unwind once the news hits. That rumor… Read More »Will Mortgage Rates Bounce Higher on the Expected Fed Rate Cut?
Michigan Credit Union Offering a 4.99% 30-Year Fixed Mortgage Rate Special
It seems more and more banks and lenders are banking on mortgage rates moving lower in the near future. The latest being a Michigan-based credit… Read More »Michigan Credit Union Offering a 4.99% 30-Year Fixed Mortgage Rate Special
Is Zillow Winding Down Its Mortgage Marketplace?
Now that Zillow has gone all-in on mortgages, soon you might not be able to compare rates from third-party lenders on their website. This would… Read More »Is Zillow Winding Down Its Mortgage Marketplace?
CPI Comes in Warm, But Jobless Claims Enough to Keep Mortgage Rates Flat
A slightly warmer-than-expected inflation report was offset by a cooler-than-expected jobs report today, keeping mortgage rates relatively flat. I spoke about the tug-of-war that is… Read More »CPI Comes in Warm, But Jobless Claims Enough to Keep Mortgage Rates Flat
Mortgage Rates Biggest Headwind Is Inflation Again
Mortgage rates have been on an incredible run lately, reversing all the uncertainty and turmoil of the past 52 weeks. Rates are just about back… Read More »Mortgage Rates Biggest Headwind Is Inflation Again
The Fed Cutting Rates Is a Good Marketing Opportunity for Mortgage Loan Originators
Their a long-held belief that the Fed sets consumer mortgage rates. It’s reinforced by the media, namely working “journalists” that know little about how mortgages… Read More »The Fed Cutting Rates Is a Good Marketing Opportunity for Mortgage Loan Originators