News
Senate confirms Warsh to replace Powell as Fed chair
10+ hour, 20+ min ago (18+ words) New leadership era at the world's most powerful central bank unfolds against historic backdrop of global volatility...
Wholesale inflation spikes to four-year high in April
14+ hour, 15+ min ago (473+ words) Supply-chain inflation rose less than economists expected during the first month of the Iran war, but leaped 6% over the year in April " hotter than forecast and marking the largest annual increase since December 2022. Wholesale prices rose 4. 3% in March and 3. 4% in…...
Purchase mortgage demand stays strong as refinance share slides
14+ hour, 25+ min ago (442+ words) Prospective homebuyers in the first week of May "shrugged off" elevated mortgage rates and a slew of economic uncertainties to submit mortgage applications at a pace 7% faster than a year ago, the Mortgage Bankers Association (MBA) reported Wednesday. Total mortgage…...
Purchase mortgage activity holds ground in April
1+ day, 5+ hour ago (590+ words) Amid rising borrowing costs, constrained inventory and souring consumer outlooks last month, new borrowers remained active in April, pushing purchase mortgage rate-lock volumes 9% higher than year-ago levels. Inversely, refinance volumes declined sharply in April as higher mortgage rates limited monthly…...
CPI inflation spikes to highest level since 2023 as war impacts build
1+ day, 14+ hour ago (779+ words) Inflationary impacts of the Iran war and President Donald Trump's signature tariff policies seeped deeper into household budgets during April as U. S. consumer prices rose precipitously for the second consecutive month. The consumer price index (CPI) increased 0. 6% across the all-items index…...
Refinance share of mortgage originations hits four-year high in first quarter
2+ day, 9+ hour ago (502+ words) A surge in refinance originations during the first three months of 2026 pushed the refinance share of total loan production to its highest level in roughly four years, boosting overall lending volumes as purchase demand remains sluggish amid a multiyear slowdown…...
Mortgage lock volumes tumble in April, purchases salvage annual gains
5+ day, 5+ hour ago (411+ words) A mortgage market "defined by rate-driven constraints and unresolved geopolitical uncertainty" represented as much in monthly mortgage rate-lock data for April published by Mortgage Capital Trading (MCT) on Thursday. Purchase lock volumes eked out a gain of 1% over the month…...
U Michigan consumer sentiment survey hits lowest mark since tracking began in 1952
5+ day, 9+ hour ago (422+ words) In November 1952, the University of Michigan started reporting results of its Index of Consumer Sentiment. Over the next nearly 75 years, there has never been lower consumer sentiment recorded than now, May 2026. As consumers face a barrage of rising gas prices,…...
Mortgage rates hit monthly high, clouding homebuying outlook
6+ day, 11+ hour ago (311+ words) Following two weeks of easing, mortgage rates have now risen for two straight weeks, putting the average 30-year loan back at 6. 37%, according to Freddie Mac's weekly rate survey. The 6. 37% average represents an increase of seven basis points from the prior…...
Seasonal dip dings strong yearly gains in first-quarter CRE originations
6+ day, 13+ hour ago (488+ words) After reporting a blockbuster year for commercial mortgage lending in 2025, the Mortgage Bankers Association (MBA) says first-quarter commercial and multifamily loan origination volumes tumbled 30% from the fourth quarter amid robust year-over-year growth. The dollar volume of loans produced for multifamily…...