Worries about the job market are bringing mortgage rates down
Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60K jobs a month
by Matt Carter Dec 11
Homebuyer demand stays strong as mortgage rates stabilize near 2025 lows: MBA lender surveys
With mortgage rates still hovering near 2025 lows, purchase loan applications hit their second-highest level of the year last week after adjusting for seasonal factors
by Matt Carter Dec 10
Jerome Powell
The 9-3 split vote reflects differing views on whether the central bank's biggest worry is inflation or rising unemployment, with data lagging after the government shutdown
by Matt Carter Dec 10
federal flood insurance lapse
Real estate industry groups expect lawmakers to pass a temporary reauthorization of the National Flood Insurance Program, but push for a long-term solution that includes reforms
by Matt Carter Dec 9
stop losing real estate deals
Tighter inventories in some markets have helped firm up home prices in recent months, so many homebuyers will remain stretched unless mortgage rates keep falling
by Matt Carter Dec 8
Trump claimed 2 homes as principal residences in the 1990s, ProPublica reports
The White House denies wrongdoing, and loans were paid off long ago, but circumstances are similar to deals involving political opponents that Trump has called fraudulent
by Matt Carter Dec 8
DoJ not giving up after second try at charging Letitia James whiffs
The Department of Justice is reportedly weighing its options after a Virginia grand jury rejected a second attempt to indict the New York Attorney General for mortgage fraud
by Matt Carter Dec 5
Inflation eases, but mortgage rates don't as investor worries remain
While a Dec. 10 Federal Reserve rate cut is now seen as a lock, MBS investors who fund most home loans aren't as bullish that the central bank will cut rates aggressively in 2026
by Matt Carter Dec 5
Finding Financial Freedom
Coach Melanie Klein profiles financial expert and real estate investor Austin Lampson, who exemplifies why real estate is still one of the world's most reliable paths to wealth
by Melanie Klein Dec 4
GAO to look into claims Pulte has weaponized Fannie and Freddie
Senate Democrats say they want a better understanding of 'what is taking place at FHFA' after the head of mortgage giants' regulator subjects four prominent Democrats to criminal referrals
by Matt Carter Dec 4
Fannie, Freddie moving to adopt more inclusive credit scores
Lenders to get historical FICO Score 10T data within weeks, setting the stage for the eventual retirement of FICO Classic score and competition with VantageScore 4.0
by Matt Carter Dec 3
Homebuyers made time for mortgages around Thanksgiving
Demand for purchase loans hit a new 2025 high last week after adjusting for the holiday, with mortgage rates near a low for the year and a Dec. 10 Fed rate cut on tap
by Matt Carter Dec 3
SCOOP: Fannie and Freddie are cutting back on the information they publish
For the first time in 15 years, Fannie Mae didn't publish the results of its National Housing Survey in November. The survey has showed homebuyer sentiment remains weak this year
by Matt Carter Dec 2
Bayview merger positions Guild Mortgage for refinancing boom
As a sister company of Lakeview Loan Servicing, Guild would have an edge in contacting borrowers serviced by Lakeview if mortgage rates fall and homeowners rush to refinance
by Matt Carter Dec 1
Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
One of four Democrats subjected to criminal referrals by Pulte, Swalwell says FHFA director 'exercises unchecked control' over the mortgage giants and has scoured their databases to concoct unfounded accusations of mortgage fraud
by Matt Carter Nov 26
Homebuyers came out in force last week, and rates are trending down
Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge, MBA lender survey shows
by Matt Carter Nov 26