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The Latest Breaking News from the Mortgage Bankers Association

Demand For Mortgage Refinance Hits Two-Month High As Rates Drop

The Mortgage Bankers Association compared the demand for refinancing between the previous week and last week, showing an increase of 15% in the latter.

International Business Times

Your Guide to the Housing Market in 2024

Your Guide to the Housing Market in 2024

The challenging housing market conditions that dominated 2023 are easing, but buyers and sellers must take action to stay ahead.

Mortgage rates could drop below 5%, if inflation keeps falling as fast as it has been, Mortgage News Daily exec says

Mortgage rates could drop below 5%, if inflation keeps falling as fast as it has been, Mortgage News Daily exec says

“The rate momentum is as good as the trajectory of economic data,” said Mortgage News Daily’s chief operating officer, Matthew Graham.

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Mortgage lenders are bleeding money. Here's why

Lenders reported a net loss of $534 per mortgage origination in the second quarter of 2023, according to the Mortgage Bankers Association.

Buying a House Just Got a Lot More Expensive. Blame the Fed.

Renewed projections for another Fed rate hike have bumped mortgage costs higher for the second consecutive week, taking them back to the 7% mark.

Latest mortgage news: Rates keep climbing

The Federal Reserve raised interest rates again in early May, and mortgage rates have responded by climbing. The average interest rate on 30-year mortgages rose to 6.66% this week, up from 6.58% last week, according to Bankrate’s national survey of large lenders.

Tribune News Service

Bank failures likely to ‘exacerbate the existing liquidity crunch’ within the commercial real estate market

Experts in the commercial real estate space didn't mince words when speaking with Fortune: Buckle up, they say, for more CRE defaults.

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