Are you prepared to respond as borrower demand shifts?
The Federal Reserve's interest rate cut impacted refinance applications but caused rates to quickly rise again, highlighting market volatility.
Bank of America mortgage origination volume declines 7% in Q3
Bank of America experienced a decline in mortgage production despite falling interest rates, which benefited competitors like Wells Fargo and JPMorgan Chase.
Why thousands of homeowners are about to get slammed with higher monthly payments
ARM loans with low initial rates can lead to significant payment increases after the fixed period ends, impacting homeowners when rates rise.
Homeowners with ultra-low mortgage rates 'saved' $600B, offset Fed hikes: Swiss Re Institute
The mortgage lock-in effect has led to substantial savings for borrowers, aiding consumer spending despite rising interest rates.
Originators cannot afford to play the interest rate waiting game
Originators must seek innovative ways to serve borrowers and grow business in a competitive mortgage market with high prices and interest rates.
Are you prepared to respond as borrower demand shifts?
The Federal Reserve's interest rate cut impacted refinance applications but caused rates to quickly rise again, highlighting market volatility.
Bank of America mortgage origination volume declines 7% in Q3
Bank of America experienced a decline in mortgage production despite falling interest rates, which benefited competitors like Wells Fargo and JPMorgan Chase.
Why thousands of homeowners are about to get slammed with higher monthly payments
ARM loans with low initial rates can lead to significant payment increases after the fixed period ends, impacting homeowners when rates rise.
Homeowners with ultra-low mortgage rates 'saved' $600B, offset Fed hikes: Swiss Re Institute
The mortgage lock-in effect has led to substantial savings for borrowers, aiding consumer spending despite rising interest rates.
Originators cannot afford to play the interest rate waiting game
Originators must seek innovative ways to serve borrowers and grow business in a competitive mortgage market with high prices and interest rates.
After industry criticism, FHFA revises changes to Suspended Counterparty Program
The FHFA revised its proposal on the Suspended Counterparty Program to be less severe after industry concerns over potential impacts on the mortgage market.
The financial markets are freaking out. That should be good for mortgage
Fears of U.S. recession impact global markets but benefit U.S. mortgage market with interest rate declines and spread tightening.
With elections ahead, housing policy analysts discuss the end of GSEs' conservatorship
Biden administration may focus on affordability over ending GSEs' conservatorship; Trump administration likely to make serious efforts towards ending conservatorship.
Mortgage market heats up but homeowners face painful cost hike despite falling rates
Despite falling interest rates, homeowners still face higher monthly costs when mortgage deals expire this year.
City analysts predict interest rates could fall as low as 3% by the end of 2024.