1+ day, 9+ hour ago  (154+ words) Mortgage applications pulled back last week as rates moved around in response to fresh inflation data and shifting geopolitical headlines. The Mortgage Bankers Association (MBA) reported a 3. 8% decline in total application volume on a seasonally adjusted basis for the week…...

1+ day, 9+ hour ago  (173+ words) Broker and Lender Products, Software, and Services Today at 3 PM ET, 9 AM HI, Trust Engine's Dave Savage joins The Big Picture to banter about trends among lenders and what successful originators are doing to" succeed. Title insurance: A Barometer for…...

1+ day, 8+ hour ago  (342+ words) Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed's revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-short-term transactions (24hrs or less), it has the biggest impact on the…...

1+ day, 9+ hour ago  (376+ words) Builder sentiment slipped again in June as elevated mortgage rates, higher material costs and ongoing affordability pressures continued to weigh on the housing market. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell two points…...

2+ day, 5+ hour ago  (449+ words) Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement itself, the summary of economic projections (SEP), and the press conference. Within the SEP,…...

3+ day, 5+ hour ago  (418+ words) Bonds improved overnight at the start of European trading and made additional gains in concert with lower oil prices during the domestic session. Notably, the gains met resistance at 4. 42%--a resistance level that's been on our radar since the last…...

3+ day, 9+ hour ago  (206+ words) European markets definitely got in on the peace deal action yesterday, but they didn't trade it nearly as aggressively as US markets. Why bring this up? There was a fairly obvious shift toward lower oil prices and bond yields overnight,…...

3+ day, 5+ hour ago  (381+ words) Today's top tier 30yr fixed rate was 6. 54% for the average lender. You'd have to go back to May 14th's reading of 6. 52% to see anything lower. The latest improvement follows another moderate drop in oil prices and bond yields as global markets…...

3+ day, 10+ hour ago  (297+ words) Broker and Lender Products, Software, and Services You can't attend a conference these days without hearing about AI. Small companies may not know what to make of it all and often look at larger companies to see what they're up…...

4+ day, 5+ hour ago  (329+ words) The bad news: mortgage rates didn't fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace deal last Thursday and it only…...