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3 天之前 · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Mortgage market is as cold as ice with stubborn rates
3 天之前 · Steep rates and high home prices have shrunk the pool of qualified home buyers. Lenders recently indicated to National Mortgage News that finding home loan applicants is going to be the biggest challenge in 2025.. New consumers are barely trickling into the market, with the MBA's Purchase Index up 1% last week, compared to the prior seven days.
Fannie Mae cuts mortgage forecast as high rates stick around
3 天之前 · The December outlook had predicted a roller coaster ride when it comes to mortgage rates, but in the end had expected more volume in 2025 than it did in November. But Fannie Mae's forecast was down for 2026. While volume for the next two years will be higher than it was in 2024, the gap is narrowing. Last year, Fannie Mae …
2025's greatest challenges according to mortgage lenders
4 天之前 · In an exclusive report published by Arizent, parent company of National Mortgage News, home finance professionals overwhelmingly ranked the lack of qualified home buyers as the No. 1 challenge in 2025. Forty-one percent of respondents in Arizent's survey put it in the top position, while another 16% listed it as the second-biggest obstacle.
New beginnings but familiar problems: The mortgage industry …
2025年1月17日 · The past year marked the beginning of recovery for an industry reeling from sharp business pullbacks. Not all went according to plan, though, and the specter of 2024's hits and misses hang over the mortgage industry's expectations for the next 12 months. While optimism appears, so does an awareness ...
Mortgage applications soar in volatile start to 2025 | National ...
2025年1月15日 · Sticky mortgage rates continue to hover in the mid-6% and higher ranges; the 30-year FRM moved up 10 basis points last week to 7.09%. The MBA benchmarked rates to the 2024 conforming loan limit of $766,550; the Federal Housing Finance Agency's new mark is 5% larger.. Jumbo borrowers are also seeing figures past 7%, with their 30-year interest rates rising 6 basis points to 7.05%.
Tech innovation and mortgage in 2025 | National Mortgage News
2024年12月30日 · After a dry spell for venture capital in mortgage technology compared to the fruitful start to the decade, the appetite for innovation gained momentum in the second half of 2024.Widespread advancements in automation, especially with artificial intelligence, combined with a return to profitability for many companies and a growing willingness to go digital, threw the spotlight — and investor ...
Mortgage applications fall, rates stagnant to open 2025
2025年1月8日 · The trade group's Purchase Index and Refinance Index fell 7% and 2% in the past week, respectively, including an adjustment for the holiday. Refinance activity was also down 6% compared to the same time last year, when rates were slightly lower on their 2024 debut.Kan noted volatility in Department of Veterans Affairs-backed refis, which shot up last week.
Jumbo loan activity hit a decade-low to begin the year
2024年10月28日 · The recent decline was more in line with activity early last year, when jumbo volume was 2% greater in the first half of 2023. CoreLogic blamed the slowdown in bigger home loans on the higher mortgage rates and home prices affecting buyers of all incomes across the market.. Among the nation's jumbo borrowers, just 4% have a rate above 7%, the property and data analytics firm reported.
Mortgage rates climb and more rises may be on the way
2024年11月7日 · The 30-year fixed rate mortgage averaged 6.79% on Nov. 7, up from 6.72% seven days earlier, the Freddie Mac Primary Mortgage Market Survey said.The year-over-year spread was 71 basis points, when this rate was 7.5%.. Meanwhile, the 15-year FRM averaged 6%, a gain of one basis point from Oct. 31's 5.99%.