12+ hour, 58+ min ago  (419+ words) Homebuyers received a modest reprieve in February as the national median mortgage payment applied for by purchase applicants decreased, signaling a slight improvement in affordability. The national median payment dropped to $2,061 last month, down from the record $2,070 recorded in January,…...

9+ hour, 32+ min ago  (656+ words) The Federal Reserve's Board of Governors has formally asked a federal judge to reject a bid by prosecutors to revive subpoenas targeting the central bank and its chairman, Jerome Powell. In a court filing unsealed Thursday, lawyers for the Fed…...

4+ mon, 3+ week ago  (712+ words) Responding to reporters at the press conference following last week's decision to lower the target range of the federal funds rate by 25 basis points for the second consecutive month, Federal Reserve Chair Jerome Powell confirmed a growing divide in consumer…...

1+ day, 15+ hour ago  (425+ words) U.S. mortgage application activity experienced a sharp decline in late March, driven by climbing interest rates that have pushed potential homebuyers and those seeking to refinance back to the sidelines. For the week ending March 20, the Mortgage Bankers Association (MBA) reported…...

1+ day, 16+ hour ago  (464+ words) The whipsawing of mortgage rates from multiyear lows in February to multimonth highs in March underscores heightened economic volatility gradually beginning to undermine spring homebuying activity. For the housing finance industry, that volatility begins and ends in mortgage capital markets,…...

2+ day, 9+ hour ago  (577+ words) As recently as a week ago, few market observers had a Fed rate hike on their 2026 bingo card. In January, when the Federal Open Market Committee held rates steady, the only dissents came from Federal Reserve governors Christopher Waller and…...

6+ day, 15+ hour ago  (433+ words) After posting respective monthly and annual increases of 19% and 2% in January, new-home application volumes declined 1% over the month to land just 0.9% ahead of last year's February pace. The totals do not include any seasonal adjustments. Buyers remained cautious despite easing…...

1+ week, 1+ day ago  (1098+ words) Judged just by the headline takeaway from Jerome Powell's second-to-last policy meeting of his official term as chairman of the Federal Reserve, it was a relatively ho-hum affair. The Fed essentially took no action, voting Wednesday to maintain the benchmark…...

1+ week, 1+ day ago  (355+ words) Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks ended 2025 in profitable territory, posting a pretax net production profit of $674 per loan in the fourth quarter. While this figure represents a solid year-over-year recovery from the industry-wide losses recorded…...

1+ week, 1+ day ago  (384+ words) U.S. mortgage application volumes dropped sharply in mid-March, falling nearly 11% as a sudden spike in interest rates chilled refinancing activity, according to the latest data from the Mortgage Bankers Association (MBA). Mortgage applications decreased 10.9% on a seasonally adjusted basis for the…...