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News
FOA leads July HECM endorsements; HMBS issuance still weak
9+ hour, 50+ min ago (925+ words) July HECM endorsements edged lower, with FOA, Mutual of Omaha and Longbridge holding the largest shares among top originators. HMBS issuance rose slightly to $463M, while first participation totaled $305M and tail issuance came in at $158M. AI Summary Home Equity Conversion Mortgage…...
Fed hawks are on the war path, sending mortgage rates higher
3+ day, 15+ hour ago (502+ words) The 10-year yield climbed to a yearly high of 4.74% as Fed officials signaled support for multiple rate hikes. Geopolitical risk in Iran and oil above $84 added inflation concerns. AI Summary Today the 10-year yield hit a yearly high of 4.74% and…...
Mortgage affordability improves as median payment slips to $2,191
4+ day, 14+ hour ago (513+ words) MBA’s June 2026 Purchase Applications Payment Index shows a slight improvement in mortgage affordability as the national median payment on new purchase applications declined to $2,191, while earnings grew 4.6% year over year. The national PAPI fell 0.3% to a reading of 157.9, with modest…...
Hawks Lorie Logan and Beth Hammack run the Fed for now
5+ day, 10+ hour ago (491+ words) FOMC kept rates unchanged at 3.5% to 3.75%, but 3 members wanted a 25 bp hike. Officials pointed to Middle East conflict uncertainty and elevated inflation, putting September back in focus. AI Summary Now, with where the 10-year yield and 30-year yield are today,…...
Fed holds rates at 3.5% to 3.75% for fifth straight meeting
5+ day, 13+ hour ago (728+ words) The Fed held its benchmark rate at 3.5% to 3.75% for a fifth consecutive meeting. Analysts cited June CPI data that was down 0.4% and 57,000 jobs added, while oil prices and Middle East tensions could lift inflation in the near future. AI Summary…...
Texas is growing up, smart builders will redesign for payment math
5+ day, 19+ hour ago (933+ words) Texas continues to attract residents and income, but a more balanced market is reducing the margin for error in land pricing and community design. Over the next 3 years, disciplined land strategy, efficient floor plans, and rental and workforce housing demand…...
Brokers say rising mortgage rates derail early 2026 housing rebound
6+ day, 11+ hour ago (868+ words) After early 2026 momentum, brokers report buyer and seller pullback as 30-year conforming mortgage rates moved up to 6.94%. Estimates in the field peg existing home sales near 4 million, roughly 400,000 fewer transactions than projections made before late February. AI Summary Heading into…...
Mortgage Lock-in Effect Fuels Rise of Accidental Landlords
1+ week, 6+ day ago (915+ words) For the past several years, the real estate industry has talked about the mortgage-rate lock-in effect mostly as an inventory problem. That is understandable. When a homeowner has a 3% or 4% mortgage, and today’s replacement mortgage is in the mid-6% range,…...
Rates are changing reverse mortgages in a different way
1+ week, 16+ hour ago (634+ words) Industry professionals say reverse mortgage demand remains resilient despite economic uncertainty and elevated rates. Higher rates reduce principal limit factors and upfront cash while increasing balance growth that can leave less equity. AI Summary Reverse mortgage experts see some trends…...
Home sales are positive but higher rates slowing demand
1+ week, 2+ day ago (750+ words) Mortgage spreads improved to 1.94%, helping keep mortgage rates below 7% even as the 10-year yield moved above forecast ranges. Demand indicators stayed slightly positive year over year, but pending sales growth cooled and purchase app growth slowed to 0.2%. AI Summary Mortgage…...